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AU Morning Wrap: ASX Opens Below 7000 as Miners Sink; Weebit Nano Soars 12%
G'day, mooers! Check out the latest news on today's stock market!
• 10-year U.S. Treasury yield tops 4.9%
• ASX opens below 7000 as miners sink
• Stocks to watch: Telix Pharmaceuticals, Weebit Nano, Qantas
- Moomoo News AU
Wall Street Summary
Long-term bond yields hit a fresh 16-year high Wednesday, weighing on stocks already pressured by the conflict in Gaza and corporate earnings results.
The 10-year U.S. Treasury yield rose to 4.902%, the highest closing level since July 2007. The $S&P 500 Index (.SPX.US)$ fell 1.3%. The $Dow Jones Industrial Average (.DJI.US)$ shed 332.57 points, or 1%. The $Nasdaq Composite Index (.IXIC.US)$ lost 1.6%.
AU Market Watch
Australia's benchmark index has dived below 7000 at the open, as Middle East tensions continue to rise, putting investors on the defensive.
$S&P/ASX 200 (.XJO.AU)$ opened 84 points, or 1.2 per cent lower at 6993.5. The All ordinaries fell 1.1 per cent.
Early in trade, materials stocks were the worst hit, down 2 per cent. All 11 sectors are trading lower.
Stocks to Watch
$Weebit Nano Ltd (WBT.AU)$: Weebit Nano has surged 12.2 per cent after the company signed a commercial agreement with chip foundry DB HiTek.
$Telix Pharmaceuticals Ltd (TLX.AU)$: Telix Pharmaceuticals has dived 11.8 per cent following preliminary results from a prostate cancer trail.
$Qantas Airways Ltd (QAN.AU)$: Qantas is down 2.3 per cent after finally terminating its proposed takeover of Alliance Aviation more than six months after the consumer watchdog knocked back the proposal.
Listing: None
Economic Calendar (AEST):
10:50 am: Japan Balance of Trade
11:30 am: Australia Unemployment Rate
3:00 am: Fed Chair Powell Speech
Source: Dow Jones Newswires, AFR
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Moomoo News AU
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