Welcome to Extreme Investor Network, where we bring you the latest updates and insights on the Stock Market, trading, and all things Wall Street. Today, we’ll be diving into the recent movements of the ASX 200 and the Hang Seng Index.
The ASX 200 took a hit on Friday, dropping by 0.56% in response to losses seen in the US equity markets the day before. Bank, mining, and tech stocks were the main contributors to the decline, with the S&P ASX All Technology Index (XTX) sliding by 1.37%. However, gold and oil prices helped limit the downside.
In terms of individual stocks, ANZ Group Holdings Ltd. (ANZ) and Westpac Banking Corp. (WBC) saw slight losses of 0.07% and 0.04% respectively. Meanwhile, Commonwealth Bank of Australia (CBA) and National Australia Bank Ltd. (NAB) were down by 0.26% and 0.17% respectively.
On the mining front, Rio Tinto Ltd. (RIO) and BHP Group Ltd (BHP) closed the session with losses of 1.03% and 0.89% respectively, while Fortescue Metals Group Ltd. (FMG) declined by 0.68%.
However, it wasn’t all doom and gloom, as gold stocks Northern Star Resources Ltd. (NST) and Evolution Mining Ltd (EVN) managed to buck the trend with gains of 0.54% and 2.36% respectively, thanks to rising gold prices.
In the energy sector, Woodside Energy Group Ltd (WDS) and Santos Ltd (STO) saw gains of 0.20% and 0.63% respectively, fueled by supply concerns.
Shifting our focus to the Hang Seng Index, stay tuned as we explore the latest movements in one of Asia’s key stock indices. Make sure to keep an eye on Extreme Investor Network for all the exclusive insights and analysis you need to stay ahead in the fast-paced world of trading and investing. Happy trading!
