monday: The ASX200 which tracks the 200 biggest publicly-listed companies in Australia has lost 2.25% in value since Friday, having endured its worst one-day performance in seven months on Monday, with the losses extending into Tuesday, according to The Guardian. The benchmark S&P/ASX200 closed on 6,041 points, down from 6,100.3 points on Monday. Heavy losses in local bank and health stocks also dragged the market down on Tuesday with little respite in sight on Wednesday. It is now sitting 24 points lower than at the start of the year with Wednesday's session expected to see the benchmarket index fall further. Axing the tampon tax seems a good move but is it the best move Greg Jericho Read more Health stocks lost value on Tuesday after the terms of reference for the aged care royal commission were released. Analysts say there are multiple reasons why the share market is suffering broad-based declines recently, including rising global trade tensions, falling commodity prices and concerns about the banking royal commission.
(news.financializer.com). As
reported in the news.
Tagged under monday, asx topics.