Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Australian Shares Resume Declines, Down 0.7%

Published 16/09/2022, 10:48 am
Updated 16/09/2022, 10:52 am
© Reuters

By Oliver Gray 

Investing.com - The S&P/ASX 200 fell 50.8 points or 0.7% to 6,792.1 after the first hour of Friday’s trade, reversing gains of 0.2% in the previous session as investors tracked a lower close on Wall Street overnight, as rising interest rates and slowing global growth sapped risk appetite.

ASX 200 Futures were trading 0.2% lower.

Among stocks, Energy led declines, falling 2% as Woodside Energy Ltd (ASX:WDS) fell 2%, Beach Energy Ltd (ASX:BPT) lost 2.2%, Santos Ltd (ASX:STO) dipped 1.6% and Viva Energy Group Ltd (ASX:VEA) lost 1.4%.

Industrials were down 1.6% Brambles Ltd (ASX:BXB) fell 1.1%, Reece Ltd (ASX:REH) lost 1.5%, Transurban Group (ASX:TCL) dropped 0.8% and Atlas Arteria (ASX:ALX) shed 10.7%.

Real estate fell 1.3% as Mirvac Group (ASX:MGR) fell 1.2%, Charter Hall Group (ASX:CHC) lost 1.2%, Goodman Group (ASX:GMG) dipped 1.6% and Stockland Corporation Ltd (ASX:SGP) lost 1%.

Materials lost 1.4%, with Rio Tinto Ltd (ASX:RIO) down 1.1%, BHP Group Ltd (ASX:BHP) falling 1.6%, Fortescue Metals Group Ltd (ASX:FMG) down 0.8% while Champion Iron Ltd (ASX:CIA) added 2.1%.

On the bond markets, Australia 10-Year yields were 3.711%, while United States 10-Year rates were at 3.443%.

In New Zealand, the NZX 50 fell 14.8 points or 0.1% to 11,644.1.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.