Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

ASX 200 Dips, Aussie Falls to 1-Year Low

Stock MarketsDec 01, 2021 11:37
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters.

By Oliver Gray - The S&P/ASX 200 fell 43.60 points or 0.60% to 7,212.40 on Wednesday, reversing gains of 0.22% yesterday and tracking a negative session among U.S. indices, with market participants proving cautious on prospects of further economic slowdowns due to the new coronavirus Omicron variant, with plummeting oil prices hitting energy stocks and the Aussie dollar falling to fresh yearly lows.

ASX 200 Futures were up just 4 points or 0.06%.

Among stocks, Santos Ltd (ASX:STO) fell 1.57%, Woodside Petroleum Ltd (ASX:WPL) lost 0.51% and Beach Energy Ltd (ASX:BPT) dipped 1.27% as oil prices traded near 3-month lows.

Financial heavyweights were mostly lower as Macquarie Group Ltd (ASX:MQG) lost 0.45%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) fell 0.15%, while Commonwealth Bank Of Australia (ASX:CBA) and National Australia Bank Ltd (ASX:NAB) added 0.23% and 0.15% respectively.

Technology names also suffered declines, with Xero Ltd (ASX:XRO) down 0.65%, Technology One Ltd (ASX:TNE) losing 3.07%, Wisetech Global Ltd (ASX:WTC) falling 1.12%, while Zip Co Ltd (ASX:Z1P) and Afterpay Touch Group Ltd (ASX:APT) lost 1.55% and 2.01% respectively.

On the bond markets, the Australia 10-Year yields were at 1.722% while United States 10-Year rates were at 1.468%.

Among currencies, the AUD/USD was flat at 0.7125, holding just above yearly lows of 0.7063 touched overnight.

Among data, 203 AIG Manufacturing PMI Index rose to 54.8 in November, snapping four straight months of deceleration, while the The IHS Markit Australia Manufacturing PMI posted the strongest expansion in factory activity in 6 months amid easing COVID-19 restrictions in many parts of the country.

Meantime, Australia’s quarterly GDP release came in at -1.9%, better than the -2.7% expected by market analysts.

In New Zealand, the NZX 50 was 0.06% lower at 12,713.

ASX 200 Dips, Aussie Falls to 1-Year Low

Related Articles

Australian Shares Finish 0.3% Higher
Australian Shares Finish 0.3% Higher By - Jan 17, 2022

By Oliver Gray - The S&P/ASX 200 finished Monday’s session higher, adding 23.40 points or 0.32% to 7,417.30 as market participants digested Chinese GDP figures,...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email