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Synopsis The S&P/ASX 200 index declined 0.5 per cent to close at 7,061.70, after three straight sessions of gains. Getty Images Financial stocks dropped 0.7 per cent, with National Australia Bank sliding 3 per cent, despite posting 95 per cent surge in cash profit for the half year. Australian shares fell on Thursday, dragged down by a sell-off in tech shares, while the country s escalating tensions with China and fresh coronavirus curbs in Sydney also weighed on investor sentiment. The S&P/ASX 200 index declined 0.5 per cent to close at 7,061.70, after three straight sessions of gains. Technology stocks fell 3.6 per cent, mirroring overnight Nasdaq losses, after Treasury Secretary Janet Yellen suggested that interest rates might need to rise in an overheating economy. ....
China suspends China-Australia economic dialogue Travel stocks hit as Sydney reintroduces virus curbs (Updates to close) May 6 (Reuters) - Australian shares fell on Thursday, dragged down by a sell-off in tech shares, while the country’s escalating tensions with China and fresh coronavirus curbs in Sydney also weighed on investor sentiment. The S&P/ASX 200 index declined 0.5% to close at 7,061.70, after three straight sessions of gains. Technology stocks fell 3.6%, mirroring overnight Nasdaq losses, after Treasury Secretary Janet Yellen suggested that interest rates might need to rise in an overheating economy. Buy-now-pay-later firm Afterpay led tech losses, plunging 7%. Aerial imagery tech firm Nearmap Ltd was the top percentage loser on the benchmark, plunging over 23.3% after it said a patent infringement complaint was filed in a U.S. District Court over the company’s roof-estimation technology. ....
Australia shares snap 4-week winning run, gold stocks lose shine indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
AMP gains on plans to spin off private markets business NZ up 0.6% (Updates to close) April 23 (Reuters) - Australian shares ended marginally higher on Friday but recorded their first weekly loss in five, as a possible capital gains tax hike in the United States and surging coronavirus cases in parts of the world subdued risk sentiment. The S&P/ASX 200 closed 0.08% higher at 7,060.70 points. The benchmark edged 0.04% lower for the week. U.S. stocks dived overnight on reports President Joe Biden planned to almost double the capital gains tax, though broader Asian equities managed to shake off initial losses amid a lack of other major news. ....
Australia shares snap 5-day winning run on tech slide, weak earnings SECTIONS Last Updated: Apr 20, 2021, 01:30 PM IST Share 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. Getty Images 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. ....