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ASX to rebound after stocks crashed yesterday. Here’s why

·2-min read
The ASX board and Australian currency.
Many heavy hitters on the ASX were trading ex-dividend yesterday (Source: Getty)

Good morning.

ASX: The local market is set to reclaim some of yesterday’s losses at the open.

BHP, CSL and Woolworths were among the heavy hitters that fell forcing the ASX 200 to its biggest loss in more than two weeks.

But, it’s not all bad news - those major stocks were all trading “ex-dividend” yesterday. That means if you were to purchase one of those stocks yesterday you would not receive the next dividend payment.

This is often the cause of some otherwise strong companies taking a hit.

Wall St: The S&P 500 and Nasdaq squeaked to record highs as Wall Street's main indexes all ended in positive territory.

Higher commodity prices helped energy names recover ground and the latest jobs data left investors unfazed from existing positions.

$18,000: That is the shocking amount it costs for Aussies to escape a violent relationship. Now these experts are calling on the Government to do more to help.

Dingo attack: Major Aussie mining company Newcrest has been ordered to pay a $105,000 fine after a WA worker was attacked by Dingos during her lunch break. Find out how it happened.

App Store: Apple has decided to ease some of its app store rules by letting some apps, like Netflix, provide links to their websites for user payments.

While it may seem like a small concession, this will allow app developers to bypass the controversial 30 per cent App Store fee the iPhone maker charges.

Oil Deal: Oil prices eased after OPEC+ (a cartel of major oil producing countries) agreed to stick to a policy of adding 400,000 barrels per day a month to the market.

However, it still stuck its ground and defied pressure for an even larger increase.

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