Australian Shares Retreat 3% As Ukraine Invasion Begins By Investing.com

Australian Shares Retreat 3% As Ukraine Invasion Begins

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By Oliver Gray

Investing.com - The S&P/ASX 200 dropped 215.10 points or 2.99% to 6,990.60 in Thursday’s deals, as market participants monitored an evolving crisis in Ukraine after President Vladimir Putin authorised a military operation in the Eastern European country, while poor half-year results also weighed on the index.

The Technology sector tumbled 6.4% collectively, as Appen Ltd (ASX:APX) shed 28.7% following full year results, while Novonix Ltd (ASX:NVX) lost 9.06%, Brainchip Holdings Ltd (ASX:BRN) fell 7.57%, Xero Ltd (ASX:XRO) dropped 5.47%, while Codan Ltd (ASX:CDA) dropped 7.89%. Block Inc (ASX:SQ2) fell 12.91% and Zip Co Ltd (ASX:Z1P) lost 10.34%.

Financials were 2.83% lower as Macquarie Group Ltd (ASX:MQG) fell 4.88%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) lost 3.44%, National Australia Bank Ltd (ASX:NAB) lost 2.49%, Westpac Banking Corp (ASX:WBC) dipped 2.36% and Commonwealth Bank Of Australia (ASX:CBA) dropped 2.05%.

Materials shed 4.33% overall, with Rio Tinto Ltd (ASX:RIO) down 3.77%, BHP Billiton Ltd (ASX:BHP) down 6.92% after trading ex-dividend, Fortescue Metals Group Ltd (ASX:FMG) dropping 4.18%, Champion Iron Ltd (ASX:CIA) down 6.33%, Arizona Lithium Ltd (ASX:AZL) shedding 12% and Pilbara Minerals Ltd (ASX:PLS) falling 8.07%.

Meantime, Cimic Group Ltd (ASX:CIM) surged 33.41% after Spanish construction giant Grupo ACS launched an $A1.5 billion hostile takeover bid for the remaining stake it does not already own in CIMIC.

Lovisa Holdings Ltd (ASX:LOV) also popped 11.78%, after a buoyant half-year result with profits lifting 70%.

On the bond markets, Australia 10-Year rates were lower at 2.161% while United States 10-Year rates were at 1.875%.

In new Zealand, the NZX 50 dropped 3.31% to 11,732.55.

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Australian Shares Finish 1.9% Higher as Energy, Financials Lead Gains By Investing.com - Jun 27, 2022

By Oliver Gray Investing.com - The S&P/ASX 200 added 127.3 points or 1.94% to 6,706 during Monday’s deals, extending last week’s gains of 1.6% amid a broad market rally led by...

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Peter OConnor Feb 24, 2022 17:38

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A big shout out to Vlad...great work, you megalomanic imbecile. Apart from thrusting many people, on both sides, who do not want to fight, and who will loose their lives, you are destabilising financial markets around the world. Having the greatest effect on small business people and those trying to retire, still battling to deal with the wash from the pandemic. Take you place in history...alongside Hitler.

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Glenn Thomas Feb 24, 2022 17:38

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The destabilization of the market

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Glenn Thomas Feb 24, 2022 17:38

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is used as an excuse by the stock market industry basically to make money.

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S&P/ASX 200	6,706.00	+127.30	+1.94%
ASX 200 Futures	6,619.0	+40.0	+0.61%
ASX All Ordinaries	6,893.60	+131.20	+1.94%
US 500	3,934.1	+22.4	+0.57%
Dow Jones	31,500.68	+823.32	+2.68%
China A50 Futures	14,672.0	+224.0	+1.55%
Dollar Index	103.595	-0.364	-0.35%

Crude Oil WTI	107.47	-0.15	-0.14%
Natural Gas	6.141	-0.140	-2.23%
Gold	1,840.95	+10.65	+0.58%
Silver	21.562	+0.403	+1.90%
Copper	3.7730	+0.0285	+0.76%
US Sugar #11	18.35	+0.04	+0.22%
US Coffee C	225.08	+1.68	+0.75%

AUD/USD	0.6941	-0.0008	-0.11%
EUR/USD	1.0588	+0.0034	+0.32%
USD/JPY	134.98	-0.19	-0.14%
GBP/USD	1.2316	+0.0054	+0.44%
GBP/JPY	166.22	+0.47	+0.28%
AUD/JPY	93.68	-0.23	-0.25%
USD/CAD	1.2869	-0.0024	-0.18%

CSL	273.00	+1.75	+0.65%
Woolworths	36.070	+0.610	+1.72%
ANZ Banking Group	22.570	+0.660	+3.01%
Commonwealth Bank Australia	93.740	+3.580	+3.97%
Telstra Corporation.	3.930	+0.040	+1.03%
National Australia Bank	27.930	+0.910	+3.37%
BHP Billiton Ltd	41.200	+1.180	+2.95%

Australian Shares Retreat 3% As Ukraine Invasion Begins

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