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The Market Wrap with Carl Capolingua, Market Analyst for Think Markets

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Worries about global economic conditions sent the market downwards today, with all eyes on what’s to come out of China.

 

MARKET WRAP:

 

    • ASX200: down 1.50%, 7,195
    • AUD: 64.74 US cents
    • GOLD: $1,934 US/oz
    • BITCOIN: $45,058 AUD

 

  • The interest rate sensitive Australian tech sector was the worst performing, down 3 per cent. 
  • WiseTech Global was off 3.9 per cent
  • Xero fell 2.6 per cent
  • NEXTDC dropped 2.1 per cent
  • Benchmark heavyweight Commonwealth Bank dropped 3.7 per cent
  • Fletcher Building was the worst performing on the benchmark index, down 8.9 per cent.
  • Landlord and fund manager Dexus dropped 3.5 per cent after swinging to a full-year statutory net loss of $752.7 million
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