The S&P/ASX200 closed lower this Tuesday dropping 19 points
The S&P/ASX200 closed lower this Tuesday dropping 19 points. Bar technology and healthcare which saw steep selling and buying respectively, most sector moves were unconvincing. Ironically, the Australian market is actually outperforming most Asian region peers today. As of writing, the Hang Seng is down more than 1%, not helped by more whispers of a tech-financial services clampdown by Beijing. Some of our tier two commodity plays like Alumina and Sims were among the best performers while Ansell and Worley copped the worst of the selling. Two companies also held AGMs today - CSL and Telstra. Both reaffirmed earnings guidance as well as future strategy. For the macro-minded, US JOLTS is out at 11:30pm AEDT tonight along with a healthy dose of Fed Speak.
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