ASX 200 ends lower; Overnight sell-off in Wall Street impacted indices
By the end of the trading session on 07 April 2022, the benchmark index ASX 200 ended lower and slipped 0.632% and settled at 7442.8. Most indices ended lower after the US Federal Reserve suggested the need for tighter monetary policies to fight inflation. The news created pressure on major averages on Wall Street. NASDAQ Composite and NASDAQ-100 dropped over 2% the previous day. Many trades took their cues post the overnight sell-off on Wall Street.
Australia had also indicated the increase in the interest rate hike. RBA would be providing Minutes of April 2022 Monitory Policy Meeting of Reserve Bank Board tomorrow at AEST 11:30 AM.
Out of 11 sectors on ASX, 8 ended lower today along with ASX 200. The Information Technology sector remains the worst performer today with 3.417% drop in the index value. The Consumer Discretionary and Energy sectors were the next two worst performers with 1.61% and 1.30% drop in the index values.
Consumer Staples and utilities sectors showed marginal growth in their index values respectively.
Amid the ongoing turbulence because of tightening monetary policies and Russia-Ukraine war, investors seems to be worried about the rising COVID-19 cases in China.
Weak Chinese data have impacted the performance of heavy-weight players like BHP Limited and Rio Tinto (ASX:RIO).
The Hang Seng is down 0.98%, and the FTSE 100 is down 0.35% today.
Gold Futures are trading in the green zone.
Other precious metals like silver, and platinum tumbled
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ASX 200 ends lower; Overnight sell-off in Wall Street impacted indices
By the end of the trading session on 07 April 2022, the benchmark index ASX 200 ended lower and slipped 0.632% and settled at 7442.8. Most indices ended lower after the US Federal Reserve suggested the need for tighter monetary policies to fight inflation. The news created pressure on major averages on Wall Street. NASDAQ Composite and NASDAQ-100 dropped over 2% the previous day. Many trades took their cues post the overnight sell-off on Wall Street.
Australia had also indicated the increase in the interest rate hike. RBA would be providing Minutes of April 2022 Monitory Policy Meeting of Reserve Bank Board tomorrow at AEST 11:30 AM.
Out of 11 sectors on ASX, 8 ended lower today along with ASX 200. The Information Technology sector remains the worst performer today with 3.417% drop in the index value. The Consumer Discretionary and Energy sectors were the next two worst performers with 1.61% and 1.30% drop in the index values.
Consumer Staples and utilities sectors showed marginal growth in their index values respectively.
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Top Performers for the day:
Top Loser for the day:
Other Factors influencing the market:
Top 5 Gainers and Losers Scoreboard:
90 Day Average Volume Outlier:
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Maven Capital Pty Ltd (AFSL No. 418504). The information contained in this article is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Suite 1A, Level 2, 802-808 Pacific Highway, Gordon NSW 2072, Australia | 1800 005 780 | info@kapitales.com.au.au