Bond.az White LogoBond.az Black Logo

Australia stocks fall: S&P/ASX 200 drops 1.26%

Australian stocks fell 1.26% on Wednesday. S&P/ASX 200 hit a 1-month low. Gold, metals and mining sectors led losses.

Luna Torres
ByLuna Torres- Senior Editor
|
0

Bond.az reports that Australian stocks were lower after the close on Wednesday, as losses in the Gold, Metals & Mining sectors led shares lower.

At the close in Sydney, the S&P/ASX 200 lost 1.26% to hit a new 1-month low.

Top performers: Technology One Ltd (ASX:TNE) rose 7.09%, Stanmore Coal (ASX:SMR) added 4.40%, Alcoa Corp DRC (ASX:AAI) was up 3.14%.

Worst performers: Tuas Ltd (ASX:TUA) fell 13.11%, Guzman Y Gomez Ltd (ASX:GYG) declined 8.98%, Greatland Resources Ltd (ASX:GGP) was down 5.87%.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 855 to 274, with 384 unchanged.

The S&P/ASX 200 VIX was up 4.20% to 13.99.

Gold futures fell 0.25% to $4,474.05/oz, crude oil dropped 0.96% to $103.01/barrel, Brent oil fell 0.78% to $110.11/barrel.

AUD/USD was unchanged at 0.71, AUD/JPY fell 0.09% to 112.95. The US Dollar Index futures was flat at 99.25.

More News
Today / 07:11
|
956

Japan stocks fall: Nikkei 225 down 1.34%

Japan stock market ended lower. Nikkei 225 dropped 1.34%. Sector analysis and market data on Bond.az.

0
Today / 06:34
|
656

Meta offers rival AI chatbots limited free WhatsApp access

Meta Platforms offers rival AI chatbots limited free WhatsApp access in Europe, with charges after limit. EU regulators review proposal.

0
Today / 05:41
|
931

Chery eyes US market entry at suitable time

Chery weighs US market entry at a suitable time, says executive. No specific timeline given.

0
Today / 05:32
|
766

JPMorgan Chase digital bank opens in Germany

JPMorgan Chase launches digital retail bank in Germany with free savings account, expanding in 2025.

0
Today / 05:24
|
645

Europe EV sales surge as Iran war pushes up petrol prices

Europe EV sales surge as Iran war drives petrol prices higher. New and used electric vehicle demand spikes across the continent.

0
Today / 05:22
|
960

Alibaba unveils new AI chip Zhenwu M890

Alibaba unveils new AI chip Zhenwu M890, three times more powerful than predecessor, as part of China's push for domestic alternatives.

0
Today / 05:20
|
870

AI is coming, young people are booing

AI is coming, but young people are booing: news about AI impact, job cuts, and Gen Z's reaction.

0
Today / 05:01
|
625

HSBC CEO: AI Will Reshape Jobs, Urges Adaptation

HSBC CEO Georges Elhedery says AI will both destroy and create jobs in finance, urging employees to adapt to the technological shift.

0
Today / 04:40
|
657

Kokusai Electric Plunges as KKR Plans Stake Sale

Kokusai Electric shares fall 7% as KKR plans to sell its remaining 10.57% stake. AI chip demand concerns impact stock.

0
Today / 04:31
|
959

HSBC CEO: AI Will Reshape Jobs, Urges Adapt

HSBC CEO Georges Elhedery says AI will destroy and create jobs, urging staff to embrace change and retrain for the future.

0
Today / 03:53
|
815

Australia tax reform reshapes investment landscape

Australia's tax reform redirects investors to high-dividend stocks. Capital gains tax increases shift focus from growth to income.

0
Today / 03:31
|
206

US charges 3 TM officials for $20M fraud

US DOJ charges three Telekom Malaysia officials for embezzling over $20 million through forged records and false statements.

0
...