AU Evening Wrap: ASX Tumbles 2.3%; Major Banks Shares Fall
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• ASX tumbles 2.3%; major banks shares fall
• Top gainers: $Origin Energy Ltd(ORG.AU$, $APM Human Services International Pty(APM.AU$, $TPG Telecom Ltd(TPG.AU$
• Top losers: $Allkem Ltd(AKE.AU$, $Liontown Resources Ltd(LTR.AU$, $IGO Ltd(IGO.AU$
- moomoo News AU
• ASX tumbles 2.3%; major banks shares fall
• Top gainers: $Origin Energy Ltd(ORG.AU$, $APM Human Services International Pty(APM.AU$, $TPG Telecom Ltd(TPG.AU$
• Top losers: $Allkem Ltd(AKE.AU$, $Liontown Resources Ltd(LTR.AU$, $IGO Ltd(IGO.AU$
- moomoo News AU
Australian shares plunged 2.3 per cent on Friday as a sell-off in US bank stocks sparked by concerns over the solvency of $SVB Financial(SIVB.US$ spilled across local banks, with $CommBank(CBA.AU$ shares down 3.3 per cent, $National Australia Bank Ltd(NAB.AU$ off 3 per cent and Westpac losing 2.6 per cent.
The benchmark Index the $S&P/ASX 200(.XJO.AU$ fell 166.4 points to 7144.7 as the materials, energy, and financials sectors all tumbled.
Lithium producer $Mineral Resources Ltd(MIN.AU$ retreated 6.2 per cent to $83.50 per share. $Pilbara Minerals Ltd(PLS.AU$ also tumbled 7 per cent to $3.98 per share. The falls come as lithium prices extended their losses in 2023 as spot prices in China fell to ¥346,500 ($US49,757) at a one-year low.
Shares of short seller targets $Piedmont Lithium Inc(PLL.AU$ and $Atlantic Lithium Ltd(A11.AU$ closed down 6.3 per cent and 23.1 per cent on the ASX respectively after the pair responded to a report by Blue Orca Research.
S&P/ASX 200 Movers for Friday (10/3)
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1. Open moomoo app
2. Search for and tap on ".XJO"
3. Roll down to see "Constituent Stocks"
4. You can filter the list based on "%Chg"
2. Search for and tap on ".XJO"
3. Roll down to see "Constituent Stocks"
4. You can filter the list based on "%Chg"
10 Top-Traded AU Stocks for Friday (10/3)
How to find the above information in moomoo app:
1. Open moomoo app
2. Tap your finger on "Market" and "AU"
3. Roll down and tap on "Main Board"
4. You can filter the list based on "Turnover"
1. Open moomoo app
2. Tap your finger on "Market" and "AU"
3. Roll down and tap on "Main Board"
4. You can filter the list based on "Turnover"
Source: Dow Jones Newswires, The Market Herald
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