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ASX 200 Extends Losses in Mixed Session as Real Estate Slips, Tech Lifts

Published 15/11/2022, 05:25 pm
© Reuters.
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By Oliver Gray 

Investing.com - The S&P/ASX 200 lost 4.7 points or 0.1% to 7,141.6 during Tuesday’s trading session, extending losses of 0.2% on Monday and closing below 8-week highs as higher yields sent Real Estate companies lower, while Tech and Health Care lifted over 1% apiece.

Among stocks, Mirvac Group (ASX:MGR) lost 1.4%, Goodman Group (ASX:GMG) dipped 1.6%, Charter Hall Group (ASX:CHC) lost 1.3% and Stockland Corporation Ltd (ASX:SGP) fell 1.6%.

Materials also lost 1% amid speculation of lower demand from China amid rising coronavirus cases. Rio Tinto Ltd (ASX:RIO) added 0.4%, BHP Group Ltd (ASX:BHP) fell 0.2%, Fortescue Metals Group Ltd (ASX:FMG) lost 0.8%, Champion Iron Ltd (ASX:CIA) gained 0.7% , Lynas Rare Earths Ltd (ASX:LYC) shed 8.2%, Liontown Resources Ltd (ASX:LTR) lost 6.85 and Piedmont Lithium Ltd (ASX:PLL) fell 4.5%.

Meantime, Info Tech companies outperformed as Block Inc (ASX:SQ2) lifted 1.9%, Megaport Ltd (ASX:MP1) gained 0.7%, Brainchip Holdings Ltd (ASX:BRN) added 2.4% and Xero Ltd (ASX:XRO) lifted 3.1%, while CSL Ltd (ASX:CSL) added 1.5%, Sonic Healthcare Ltd (ASX:SHL) gained 1.2% and Fisher & Paykel Healthcare Ltd (ASX:FPH) lifted 2.5%.

On the bond markets, Australia 10-Year rates ticked up to 3.761% while United States 10-Year yields were at 3.867%.

In New Zealand, the NZX 50 added 0.1% to 11,239.1.

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