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ASX 200 index: ASX 200 closes 2% lower; Australia shares end at six-week low


Synopsis
The benchmark ASX 200 index snapped a three-day rally to end 1.9 per cent lower at 6,931.70, its lowest close since April 7.
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Among sectors, gold stocks shed 2.8 per cent despite bullion prices hitting a near four-month high.
Australian shares closed at a six-week low on Wednesday, dragged down by losses in heavyweight bank and mining stocks, while EML Payments Ltd was the top loser on the benchmark index on fears of regulatory curbs on its Irish unit.
The benchmark ASX 200 index snapped a three-day rally to end 1.9 per cent lower at 6,931.70, its lowest close since April 7.
It s a widespread sell off, no sectors have been exempted from the selling, including those mining stocks that have had improvements in commodity prices, said Steven Daghlian, market analyst at CommSec. ....

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Asia shares wallow near one-month lows on inflation anxiety | Money


Wednesday, 12 May 2021 08:53 AM MYT
Australia shares skidded 0.4 per cent while South Korea’s KOSPI index slipped 0.1 per cent. Reuters pic
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SYDNEY, May 12 Asian shares languished near one-month lows today as investors speculated surging commodity prices and growing inflationary pressure in the United States could lead to earlier rate hikes and higher bond yields globally.
MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.1 per cent, after tumbling 1.6 per cent yesterday for its biggest daily percentage drop since March 24.
“There isn’t a clear catalyst behind this purge,” said Marios Hadjikyriacos, investment analyst for XM. ....

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Australia shares: ASX 200 climbed as Australia shares mark best day in 2 weeks as gold stocks shine


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Australian shares closed higher on Thursday, joining a rebound in global equities as gold and healthcare stocks advanced, while AGL Energy hit a record low after its chief executive officer resigned.
The S&P/ASX 200 rose 0.8 per cent to 7,055.40 in its best day since April 8. It had marked its worst session in nearly two months in the previous session.
U.S. stocks bounced on Wednesday after a two-day decline, with the tech-heavy Nasdaq adding 1.2 per cent. MSCI s broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent on Thursday, following a 0.9 per cent decline the previous day.
The ASX rebounded across the board, led by a strong reversal in the U.S. equity markets last night, said Brad Smoling, managing director, Smoling Stockbroking. ....

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Australia shares snap 5-day winning run on tech slide, weak earnings


Australia shares snap 5-day winning run on tech slide, weak earnings
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Last Updated: Apr 20, 2021, 01:30 PM IST
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Synopsis
The S&P/ASX 200 fell 0.7 per cent to 7,017.80, its worst session since March 30. All sub-indexes ended in negative territory.
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Tech stocks fell 1.2 per cent, dragged by Altium Ltd which was down the most at 5.2 per cent.
Australian shares snapped a five-day rally on Tuesday as tech stocks tracked an overnight decline in U.S. markets, and earnings-driven losses in fund manager Challenger and rare earths miner Lynas weighed.
The S&P/ASX 200 fell 0.7 per cent to 7,017.80, its worst session since March 30. All sub-indexes ended in negative territory. ....

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