The local bourse closed down 0.9% as investors watched the horizon for a contagion effect of the Archegos Capital liquidation and US$20 billion losses for Credit Suisse and Nomura.

The local bourse closed down 0.9% as investors watched the horizon for a contagion effect of the Archegos Capital liquidation and US$20 billion losses for Credit Suisse and Nomura.

Metals and mining, utilities, healthcare and energy led the losers (despite iron ore prices up) while communications was the only sector to finish in the green. Out of session US futures are sitting slightly higher. Our top three VODs today are:

David Lane brings along three contrarian buys

Gaining exposure to global cyber-security and why BNPL could come under pressure

"The Archegos sell off is a lesson in overexposure"



 

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