The S&P/ASX200 closed lower Wednesday, dropping 18 points or 0.2% to 7,512

The S&P/ASX200 closed lower Wednesday, dropping 18 points or 0.2% to 7,512. Following a Labour day holiday rich with economic uncertainty, Wall Street closed mixed on timid trade, a mood that infected US exposed stocks here at home. Not the rest of Asia. All the major indices rose steadily, led by the Shanghai Composite up 1.5% while over in Singapore iron ore futures fell more than 4% as China looks to cut crude steel volumes. That hurt companies that like to dig stuff up - the goldies leading losses by sector - although consumer staples, real estate... companies starting with the letter A... the losses infected all corners of the bourse. Qube (QUB) gained an agri-terminal in Newcastle, that added 4.6%. Then there was Macquarie (MQG), up 4.5% on a wonderfully opaque update, full of foreboding on the outlook and deadpan in understating a looming half year profit of more than usual enormity.



Our top three VODs:

Fat Prophets is sitting on cash and ready to buy ... why?

Where to generate income in FY22 after the dividend bonanza

Carl is turning his frown upside down with these 3 crypto buys | the trade


See acast.com/privacy for privacy and opt-out information.