Stock market is bleeding: what do you need to know
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 stocks inch down at close of trade
On Thursday, Australian stocks inch down after the close because dips in the Utilities, Consumer Staples as well as Energy sectors suppressed equities.
The S&P/ASX 200 went down 0.18%.
Orora Ltd, Western Areas Ltd and Independence Group NL appeared to be the best performers of the session on the S&P/ASX 200. They rose respectively 9.16%, 5.83% and 4.73%.
As for losers, they were represented by Vocus Group Ltd, Magellan Financial Group Ltd and Seven West Media Ltd, tumbling respectively 6.27%, 3.89% and 2.94%.
Diving equities outclassed soaring ones on the Sydney Stock Exchange by 600 to 533, while 347 were intact.
Tracking the implied volatility of S&P/ASX 200 options, the S&P/ASX 200 VIX gained 2.79% being worth 14.071.
The currency pair AUD/USD inched down 0.20% being worth 0.7874. Meanwhile, the currency pair AUD/JPY inched down 0.24% trading at 86.62.
The US Dollar Index Futures gained 0.19% hitting 93.59.
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What is pulling the stocks down?
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Important events on February 17-21
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
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