Nike has dropped to lows unseen since November of 2020 as it faces a boycott in China over Xinjiang's cotton issues.
Australian equities dive at close of trade
On Thursday, Australian equities tumbled after the close because dips in the Consumer Staples, Healthcare and also Gold sectors put pressure on stocks.
The S&P/ASX 200 went down 0.13%.
On the S&P/ASX 200 the best performers were represented by such benchmarks as Orocobre Ltd, Iluka Resources Ltd and Sky Network Television Ltd. They tacked on respectively 5.14%, 4.08% and 3.99%.
As for losers, Healthscope, Ardent Leisure Group and Resolute Mining Ltd lost 3.57%, 3.23% and 2.77% respectively.
Leaping equities outclassed sagging ones on the Sydney Stock Exchange by 587, while 393 were intact.
Equities in Healthscope dived to all time minimums, losing 3.57% and tumbling to 1.620. Additionally, stocks in Iluka Resources Ltd rallied to 3-years peaks, soaring 4.08% being worth 9.700.
Assessing the implied volatility of S&P/ASX 200 options, the S&P/ASX 200 VIX lost 4.92% demonstrating an outcome of 13.619.
The currency pair AUD/USD tumbled 0.15% trading at 0.7990, AUD/JPY soared 0.31% trading at 87.11.
Chinese stocks were pressed by the US plans to kick them off US stock exchanges. Alibaba has already plunged by 4% in pre-market hours.
Bitcoin skyrocketed 5% after Tesla’s founder Elon Musk officially announced it will accept the cryptocurrencies as payment.
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
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The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.