Southern Cross (ASX: SXL) which traded at AUD 0.235, UP by 27.027 % | ASX Market Update

May 27, 2020 12:00 PM AEST | By Team Kalkine Media

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Amid escalating tension between the US and China and uncertain environment due to the ongoing pandemic crisis, it seems the Australian share market is reflecting the tense environment. The US wants China to take responsibility for not being able to control the coronavirus spread from China to other countries.

US President Trump has also threatened to leave the WHO as the US accuses WHO of shielding China over China’s inability to curb the virus in their own country. Furthermore, he added, his administration is all set to take action against China for its efforts to impose national security laws on Hong Kong.

The top and worst performers for today's market are:

The top two gainers were-

Southern Cross Media Group Limited (ASX:SXL) which traded at AUD 0.235, up by 27.027per cent, and Virgin Money UK PLC (ASX:VUK) which traded at AUD 1.825, up by 15.506 percent. SXL was amongst the topmost gainers on Tuesday too.

The worst-performing stocks were –

Saracen Mineral Holdings Limited (ASX:SAR)which traded at AUD 5.000, down by 11.19 percent, and Northern Star Resources Ltd (ASX:NST) which traded at AUD 13.460, down by 10.92 percent.

#Trump #SXL #ASX #KALKINE

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