
Please try another search
By Oliver Gray
Investing.com - the S&P/ASX 200 declined 50.8 points or 0.7% to 7,240.5 after the first 90 minutes of Wednesday’s trade, with investors tracking declines on Wall Street overnight as growing prospects of an economic downturn dented risk sentiment.
ASX 200 Futures were pointing 0.1% lower.
Among stocks, Energy led declines amid lower crude oil prices. Santos Ltd (ASX:STO) fell 0.8%, Woodside Energy Ltd (ASX:WDS) lost 1.9%, Beach Energy Ltd (ASX:BPT) shed 6.3% and Viva Energy Group Ltd (ASX:VEA) fell 3%.
Information Technology was 2.4% lower collectively, with Block Inc (ASX:SQ2) down 2.6%, Appen Ltd (ASX:APX) falling 3.1%, Megaport Ltd (ASX:MP1) down 4.8% and Brainchip Holdings Ltd (ASX:BRN) shedding 4.4%.
Ahead in the session, traders will be monitoring Australia’s upcoming GDP release.
On the bond markets, Australia 10-Year rates were at 3.368% while United States 10-Year yields were at 3.54%.
In New Zealand, the NZX 50 was down 0.1% to 11,614.8.
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 Investing.com'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.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
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:
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.