The Last Trade || ASX ends 0.3% lower; Afterpay, Fortescue, CSL sink

*Australian shares ended lower on Friday, weighed down by losses in blue-chip stocks such as Afterpay, Fortescue Metals, CSL, Origin Energy and Redbubble.

*The S&P/ASX200 fell 33 per cent to close at 7,392.60.

*Among the individual stocks, debt and equities manager Janus Henderson emerged as top gainer, ending 7.9 per cent higher. On the losing side, miner Orocobre topped the chart with a 10.4 per cent loss.

*In the banking sector, all the Australia’s big four lenders - Westpac, Commonwealth, ANZ and National Australia Bank Limited ended higher.

*It seems to be the season of buybacks among the Australian banks – with today’s announcement coming just 10 days after the previous buyback.

*Shares of AMP Limited dropped as much as 2.63 per cent on report of legal action against its six companies. The Australian Securities and Investments Commission has initiated court proceedings against six companies of the AMP.

*China’s Shanghai Composite was down 0.5%, while Japan’s dropped 1.5%.  South Korea’s Kospi also fell over 1%.

*Bucking the trend, India’s BSE Sensex was up 20%, while Jakarta Stock Exchange Composite Index rose 0.3%. 





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