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 market concludes up
On Tuesday, the Australian stock market concluded the trading session up due to the strengthening finance sectors, Australia's real estate funds as well as telecommunications services.
At the close of the Sydney Stock Exchange, the S&P/ASX 200 managed to grow 0.55% reaching a monthly maximum.
As for the growth leaders among the components of the S&P/ASX 200 index one should point to shares of Syrah Resources Ltd that tacked on 5.92%, concluding at 3.400. Equities of Wisetech Global Ltd edged up 5.08%, completing the trading session at the level of 10.550. Paper Ioof Holdings Ltd tacked on 4.85%, ending up with an outcome of 9.405.
Leaders of the dive were shares of Graincorp Ltd, which headed south by 5.62%, concluding the trading session at 8.390. As for the shares of Independence Group NL, they ascended by 4.64%, coming up with 4.930. Ramsay Health Care inched down by 4.42% and completed the auction at 61,830.
On the Sydney Stock Exchange, the number of depreciated securities (647) generally beat the number of those that found themselves in positive territory (571). However, quotations of 379 shares were intact.
The S&P/ASX 200 VIX volatility index, formed on the basis of trading options on the S & P/ASX 200, inched down by 1.50% coming up with 12.223.
June delivery gold futures dived 0.50%, hitting $1.312.60 per troy ounce. As for other products, the price of June delivery WTI futures edged up by 0.10%, reaching $68.64 per barrel. Besides this, July delivery Brent futures added 0.04% being worth $74.72 per barrel.
Meanwhile, in the Forex market, the currency pair AUD/USD headed south about 0.11% ending up with an outcome of 0.7539. The currency pair AUD/JPY inched up 0.17% showing 82.47.
Futures on the USD index tacked on by about 0.07% demonstrating 91.69.
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
RBA Rate Statement is released on Tuesday at 07:30 MT time.
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