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ASX 200 Falls 0.6% as Real Estate Leads Losses

Published 30/09/2022, 10:53 am
Updated 30/09/2022, 10:57 am
© Reuters

© Reuters

By Oliver Gray 

Investing.com - The S&P/ASX 200 fell 39.3 points or 0.6% to 6,515.7 after the first hour of Friday’s trade, partially retracing gains of 1.4% in the previous session as investors tracked overnight losses among U.S. equities amid rising recession fears.

ASX 200 Futures were pointing 0.1% lower.

Among stocks, Real estate companies fell 1.9% collectively, with Mirvac Group (ASX:MGR) down 1.8%, Charter Hall Group (ASX:CHC) falling 2.1%, Goodman Group (ASX:GMG) down 2.7% and Stockland Corporation Ltd (ASX:SGP) dipping 2.3%.

Information Technology was down 2.4% as Block Inc (ASX:SQ2) shed 3.6%, Appen Ltd (ASX:APX) fell 4.6%, Megaport Ltd (ASX:MP1) lost 3.9%, Novonix Ltd (ASX:NVX) fell 3.9% and Brainchip Holdings Ltd (ASX:BRN) lost 1.7%.

Consumer Discretionary also retreated 1.4% as JB Hi-Fi Ltd (ASX:JBH) fell 2%, Domino's Pizza Enterprises Ltd (ASX:DMP) lost 1%, Tabcorp Holdings Ltd (ASX:TAH) fell 0.8% and Wesfarmers Ltd (ASX:WES) shed 1.7%.

Ahead in the session, market participants will be monitoring upcoming housing and private sector credit.

On the bond markets, Australia 10-Year yields were at 3.97% while United States 10-Year yields were at 3.786%.

In New Zealand, the NZX 50 lost 1.5% to 11,016.3.

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