Markets Live: ASX caught up in global sell-off
Shares lose about $20 billion in early trade in a broad-based sell-off sparked by global jitters after central bankers flagged the tide is turning for easy money.
Shares lose about $20 billion in early trade in a broad-based sell-off sparked by global jitters after central bankers flagged the tide is turning for easy money.
The Australian dollar has turned into a surprise winner from the talk of higher interest rates by global central bankers this week.
Investors may be happy to see the end of a quarter that has been far from kind to many as the Australian economy strives hard to resist fallng into recession, with stocks, the Aussie weakening as iron ore prices plunged.
Wall Street struggles, setting up the local sharemarket for sharp falls at the open.
Wall Street fell sharply on Thursday, with the S&P; 500 and the Dow industrials suffering their worst daily percentage drops in about six weeks, setting up the ASX for sharp falls at the open.
As Chinese demand for Australian products hots up, a husband and wife team are hoping to raise $6m and IPO their daigou business.
The 2016/17 financial year has very much been a tale of two halves, global market strategist at JP Morgan Asset Management says.
Investors stormed into banks and miners, joining a global rally in riskier assets on hopes economic growth has picked up enough to withstand tighter financial conditions.
An upbeat Wall Street session has set up the local sharemarket for a positive opening.
Crude oil prices gained as government data showed a drop in US petrol supplies at the start of the summer driving season.
Global central bankers are coalescing around the message that the cost of money is headed higher.
Shares in Australia's free-to-air TV and radio networks have jumped after the federal government regulated a cut in broadcasting licence fees in a bid to ease pressure from foreign tech companies and online streaming services.
The Australian dollar has turned into a surprise winner from the talk of higher interest rates by global central bankers this week.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7704 | 0.7701 | 0.0019rise | 0.25% rise |
AUD/EUR | 0.674 | 0.6733 | 0.0019rise | 0.28% rise |
Updated: June 30, 2017 - 11:10AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 3,105,322,116 | 808,146,829 | 297,306 |
Industrial | 2,342,708,516 | 368,760,191 | 250,410 |
Mining | 760,263,664 | 439,329,287 | 45,977 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
BIG | BIG UN LTD | 1.235rise | 0.945 | 0.790 |
EHL | EMECO HOLDINGS | 0.110rise | 0.086 | 0.088 |
KNM | KNEOMEDIA LIMITED | 0.029rise | 0.025 | 0.017 |
PRT | PRIME MEDIA GRP LTD | 0.390rise | 0.340 | 0.355 |
TEG | TRIANGLE ENERGY LTD | 0.061rise | 0.054 | 0.050 |
ASL | AUSDRILL LIMITED | 1.850rise | 1.725 | 1.512 |
FIG | FREEDOM INSURANCE | 0.935rise | 0.880 | 0.840 |
APL | ANTIPODES GLOBAL INV | 1.280rise | 1.220 | 1.250 |
IBK | ISHS MSCI BRIC ETF | 52.200rise | 49.890 | 51.410 |
MYS | MYSTATE LIMITED | 4.870rise | 4.780 | 4.790 |
Updated: June 30, 2017 - 11:16AM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
IOT | IOT GROUP LIMITED | 0.008fall | 0.011 | 0.016 |
AQS | AQUIS ENT LTD | 0.040fall | 0.050 | 0.050 |
FPL | FREMONT PETROLEUM | 0.021fall | 0.026 | 0.030 |
AFP | AFT PHARMACEUTICALS | 2.200fall | 2.610 | 2.400 |
SEG | SEGUE RESOURCES | 0.023fall | 0.027 | 0.031 |
HRR | HERON RESOURCES | 0.070fall | 0.080 | 0.078 |
LIT | LITHIUM AUSTRALIA NL | 0.074fall | 0.083 | 0.092 |
ORL | OROTONGROUP LIMITED | 0.960fall | 1.035 | 1.000 |
VCX | VICINITY CENTRES | 2.560fall | 2.735 | 2.710 |
BBG | BILLABONG | 0.755fall | 0.805 | 0.845 |
Updated: June 30, 2017 - 11:16AM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
American Pacific Borate & Lithium Limited | ABR | 17/07/2017 | 0.20 |
Audinate Group Limited | AD8 | 30/06/2017 | 1.22 |
Australia WeTouch Technology Limited | AWT | 31/07/2017 | 0.40 |
Evans & Partners Global Disruption Fund | EGD | 31/07/2017 | 1.60 |
Eagle Health Holdings Limited | EHH | 29/06/2017 | 0.40 |
Galena Mining Limited | G1A | 10/07/2017 | 0.20 |
Sienna Cancer Diagnostics Limited | SDX | 02/08/2017 | 0.20 |
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