S&P/ASX 200 Trading Lower By 1.43%; All 11 Sectors Are Trading In Red

On 21 September 2022, at AEST 11:55 AM, the benchmark index S&P/ASX 200 is trading lower today, declining 97.30 points or 1.43%, and is currently trading at 6,709.10 levels. All 11 sectors are trading lower along with the S&P/ASX 200. The Materials and Information Technology sectors are the top 2 losing sectors, declining 2.16% and 1.93% in their index values.

Viva Energy Group Limited (ASX: VEA) and Washington H Soul Pattinson & Company Limited (ASX: SOL) are the top gaining stocks, gaining 5.323% and 2.827% in their stock prices. On the other hand, Imugene Limited (ASX: IMU) and Sayona Mining Limited (ASX: SYA) are the top losing stocks and are declining 8.696% and 5.661% in their stock prices.

Factors influencing the market-

• S&P/ASX 200 dropped sharply, mirroring heavy losses on Wall Street, as investors position for a continuing hawkish stance from U.S. Federal Reserve policymakers.
• Link Group’s share price declined more than 4% after its British subsidiary was hit with an extra £50 million ($85 million) penalty by a British financial regulator over the Woodford funds collapse in 2019.
• Viva Energy’s share price is gaining following the acquisition of Coles Express in a deal worth $300 million.
• Oil prices extended their losses as more pressure on crude demand from a widely anticipated interest rate hike by the Federal Reserve. At the same time, signs of a potential build in U.S. gasoline inventories also weighed.
• Dow has closed down 1.0%, S&P 500 down by 1.1%, and NASDAQ closed lower by 1.0%.
• Hang Seng is down by 1.17%, and FTSE 100 is down by 0.61%.

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