AU Morning Wrap: ASX falls, AUB completes $350m equity deal
G'day, mooers! Check out the latest news on today's stock market!
• US stocks finished sharply lower
• Australian shares slumped on Tuesday; ASX 200 dropped 2.35per cent
• Stocks to watch: AUB, Pendal, Imugene
- moomoo News AU
• US stocks finished sharply lower
• Australian shares slumped on Tuesday; ASX 200 dropped 2.35per cent
• Stocks to watch: AUB, Pendal, Imugene
- moomoo News AU
![AU Morning Wrap: ASX falls, AUB completes $350m equity deal](https://ussnsimg.moomoo.com/16478186782133-151000101-web-8f00b204e9800998.bmp/bigmoo)
Wall Street Summary
The most punishing market selloff in years showed no signs of abating Monday, with U.S. stock indexes sliding to new lows for 2022 and other assets.
The $S&P 500 Index(.SPX.US$ slumped 132 points or 3.2 per cent, closing below 4,000 for the first time since March 2021. The decline extended the benchmark's retreat from its peak to 17 per cent.The $Dow Jones Industrial Average(.DJI.US$ shed 654 points or 1.99 per cent. The $Nasdaq Composite Index(.IXIC.US$ swooned 521 points or 4.29 per cent.
AU Market Watch
Australia's S&P/ASX 200 is set to extend its losses after Wall Street's rout continued with key indexes hitting 2022 lows. ASX futures are down 1.4%. Locally, household spending, retail trade and business turnover data are expected.
Australian shares opened lower this morning. The $S&P/ASX 200(.XJO.AU$ lost 2.35 per cent to 6953 as of 10:17 am.
The most punishing market selloff in years showed no signs of abating Monday, with U.S. stock indexes sliding to new lows for 2022 and other assets.
The $S&P 500 Index(.SPX.US$ slumped 132 points or 3.2 per cent, closing below 4,000 for the first time since March 2021. The decline extended the benchmark's retreat from its peak to 17 per cent.The $Dow Jones Industrial Average(.DJI.US$ shed 654 points or 1.99 per cent. The $Nasdaq Composite Index(.IXIC.US$ swooned 521 points or 4.29 per cent.
AU Market Watch
Australia's S&P/ASX 200 is set to extend its losses after Wall Street's rout continued with key indexes hitting 2022 lows. ASX futures are down 1.4%. Locally, household spending, retail trade and business turnover data are expected.
Australian shares opened lower this morning. The $S&P/ASX 200(.XJO.AU$ lost 2.35 per cent to 6953 as of 10:17 am.
Stocks to Watch
$AUB Group Ltd(AUB.AU$: Listed insurance aggregator AUB completed a $350 million fully underwritten equity raising to fund the $880 million acquisition of Tysers.
$Pendal Group Ltd(PDL.AU$: Pendal Group's revenues rose 31 per cent to $362.6 million in the half year ending in March, with the increase reflecting the acquisition of TSW and higher global equity markets.
$Imugene Ltd(IMU.AU$: Biotech company Imugene has received human research ethics committee (HREC) approval to begin a phase 2 clinical trial of its immunotherapy candidate, HER-Vaxx, in Australia.
Ex-dividend Companies: $United Overseas Australia Ltd(UOS.AU$
Dividends Paid Companies: $Duratec Ltd(DUR.AU$
Commodities
• Iron ore futures -4.7% to US$131.99 a tonne.
• Oil prices dipped in-line with broad-based selloff.
• Gold struggled for upside as investors dumped stocks and favoured safe havens like the US dollar and bonds.
Source: Dow Jones Newswires, Market Index
$AUB Group Ltd(AUB.AU$: Listed insurance aggregator AUB completed a $350 million fully underwritten equity raising to fund the $880 million acquisition of Tysers.
$Pendal Group Ltd(PDL.AU$: Pendal Group's revenues rose 31 per cent to $362.6 million in the half year ending in March, with the increase reflecting the acquisition of TSW and higher global equity markets.
$Imugene Ltd(IMU.AU$: Biotech company Imugene has received human research ethics committee (HREC) approval to begin a phase 2 clinical trial of its immunotherapy candidate, HER-Vaxx, in Australia.
Ex-dividend Companies: $United Overseas Australia Ltd(UOS.AU$
Dividends Paid Companies: $Duratec Ltd(DUR.AU$
Commodities
• Iron ore futures -4.7% to US$131.99 a tonne.
• Oil prices dipped in-line with broad-based selloff.
• Gold struggled for upside as investors dumped stocks and favoured safe havens like the US dollar and bonds.
Source: Dow Jones Newswires, Market Index
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment