Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Thursday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 2.74% to 5,883.80
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 2.76% to 5,993.40
- AUD/USD at US 71 cents
- Gold at US$1,193.90 an ounce
- Brent Oil at US$81.58 a barrel
It has been a bruising day for the ASX with resource businesses, banks and technology stocks all dropping heavily.
To start positively, the best-performing ASX 200 share today was gold miner Evolution Mining Limited (ASX: EVN), its share price rose 6.3% with the Board approving the Mt Carlton Underground Mine. Indeed, the whole gold sector did well today.
Bank shares were hurt heavily today with the Commonwealth Bank of Australia (ASX: CBA) share price down 2.9% and the Westpac Banking Corp (ASX: WBC) share price dropped 2.6%. Both of the banks’ CEOs appeared before a MP hearing in Canberra for more grilling.
Resource shares also felt the pain, BHP Billiton Limited (ASX: BHP) shares declined 3.8%.
Here are some of today’s top stories:
- 2 Warren Buffett quotes for bad days like today
- Here’s what you can learn from A2 Milk Company Ltd (ASX:A2M)
- Top broker warns housing market to suffer worst drop since 1980s
- Why are ASX SaaS shares going gangbusters?
- Turning $10,000 into $8 million Was Just the Beginning For 1 Man
- Up 400% in 5 years: Can Nearmap Ltd repeat the trick?
- Where I would invest $10,000 in the share market
- 4 reasons why I like Challenger Ltd (ASX:CGF) at this share price
- Is this the best food business on the ASX?
Motley Fool contributor Tristan Harrison owns shares of Altium. The Motley Fool Australia owns shares of and has recommended Transurban Group. The Motley Fool Australia owns shares of AFTERPAY T FPO, Altium, and WiseTech Global. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.