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The Market Wrap with Josh Gilbert, Market Analyst at eToro Australia

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A Chinese slowdown will hurt commodity prices, while health care stocks were weaker on the threat of pharmaceutical tariffs.

 

  • ASX200: down 1.80% to 7,375
  • GOLD: $3,068 US/oz
  • BITCOIN: $128,573 AUD
  • Star Entertainment told the market a $750 million refinancing lifeline from Salter Brothers needed to ensure its survival was no longer on the table. Star shares remain suspended.
  • Stockland rose 0.6 per cent to $5.04, and Charter Hall increased more than 3 per cent to $17.32. 
  • Mirvac was steady at $2.13 and Goodman rose more than 3% to $30.11
  • Kelsian transported itself 4.3% higher after it said it was looking to offload its tourism business.
  • CSL and Cochler both up more than 1.6% to close at $255 and $269 respectively.
  • BHP down 1.6% to $38.25, RIO down 1.6% to $115.15, Fortescue down 1.7% to to $15.37
  • Karoon Energy also fell just under 1% to $1.60 despite a broker upgrade.
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