ASX 200 opens marginally lower; what’s weighing on the index? | AU Market Updates

The Australian equity benchmark ASX 200 opened lower on Thursday, down 9 points or 0.13 per cent to 6,809, after tech stocks pulled down three major Wall Street indices overnight as another surge in bond yields concerned investors. The longer-dated Treasury bond yields were up nearly 1 per cent from a year ago period. The broader equities market was also under pressure due to mixed economic data.

On Wednesday, the S&P 500 was down 1.31 per cent to 3,819.72. The Dow Jones Industrial Average was down 0.39 per cent to 31,270.09. The tech-heavy NASDAQ Composite Index dropped 2.70 per cent to 12,997.75, and the small-cap Russell 2000 shed 1.06 per cent to 2,207.80.

On Wednesday, the ASX 200 closed at 6,818, up 55.70 points or 0.82 per cent following a better than expected GDP data for the fourth quarter. Australia’s GDP rose by 3.1 per cent in Q4. The tech stocks would be under investors’ radar throughout the day.

Who gained, who lost Ramelius Resources Ltd (up 13.69 per cent) and Nufarm Ltd (up 7.60 per cent) were among the top gainers. The laggards were Domain Holdings Australia Ltd and Deterra Royalties Ltd, down 3.64 per cent and 3.56 per cent, respectively.

Sectors

While ASX 300 Metals and Mining was up 3.507 per cent, ASX 200 Real Estate was down 0.084 per cent.

Australian Dollar, Bonds, Oil and Bitcoin

 


Disclaimer
The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.

 

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK