The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
Australian equities go up
On Tuesday, the Australian stock market generally soared because of the strengthening IT sectors, producers of consumer goods as well as industry.
The Sydney Stock Exchange S&P/ASX 200 managed to gain by approximately 0.20%.
Among the components of the S&P/ASX 200 index the top-notch performers were represented by the equities of GenWorth Mortgage Insurance Australia Ltd that tacked on by 7.29% being worth 2.650. The stocks of Wisetech Global Ltd soared by 6.02% concluding the trading session at about 16.380. Moreover, Paper Sandfire Resources NL edged up by 4.52% getting to 9.950.
On the contrary, the equities of Ausdrill turned out to be the leaders of the dive. They went down by approximately 20.38% showing 1.895. The stocks of Retail Food Group inched up by 8.20% closing at 0.560, Syrah Resources Ltd edged down by 6.67% ending up with an outcome of 2,800.
As a matter of fact, the total number of depreciated stocks (660) on the Sydney Stock exchange managed to surpass the overall number of those that concluded in positive territory (612). Simultaneously, quotations of 416 were intact.
The stocks of Wisetech Global Ltd tacked on to a historic maximum, soaring by up to 6.02% and demonstrating 16.380. Besides this, the shares of Retail Food Group dived to a historic minimum, having declined by 8.20% being worth 0.560. The stocks of Sandfire Resources NL inched up to a historic maximum, adding by 4.52% getting to 9,950.
Built around the basis of trading options on the S&P/ASX 200, the S&P/ASX 200 VIX volatility index managed to tack on by 0.88% trading at 11.026.
Furthermore, August delivery gold futures went down by 0.10% demonstrating $1.301.90 per troy ounce. July delivery WTI futures ascended by 0.18% hitting $66.22 per barrel.
The currency pair AUD/USD soared by 0.07% being worth 0.7614.
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
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