Monthly Archives - September 2020
09Sep

Wall Street sees a huge late tech sell-off: ASX set to open lower

09 Sep 2020 - The ASX looks set to open lower this morning as tech stocks drove the US markets lower. Tesla shares plunged yesterday - their worst one-day loss since March. AstraZeneca shares fell over 6% in after-hours trading yesterday after the company said its late-stage trial for a potential coronavirus vaccine had been put on hold due to safety concerns. The Australian dollar dropped as the US dollar strengthened to a four week high. The a2 Milk...

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08Sep

US, China ‘decouple’: European gains to lift ASX

08 Sep 2020 - Aussie shares are slated to open higher today, following bullish European gains. The US is considering striking China’s tech sector by imposing restrictions on exports to SMIC. Under-suspension iSignthis (ASX:ISX) has retaliated against the ASX with a damage claim worth $464.7 million.

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07Sep

Seesaw session sees shares end 0.3% higher: banks and miners offset industrials drag

07 Sep 2020 - The Australian share market finished a seesaw session firmly higher after a late rally. Biotech giant CSL (ASX:CSL) closed 1 per cent higher after news the Federal Government will fund the company to help it manufacture a COVID-19 vaccine. The major banks and miners helped to offset losses in energy and industrials. Shares slipped to one month lows at the open but clawed back to finish up 19 points or 0.3 per cent higher at...

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