Indices: Australian ASX 200
The ASX200 experienced a tough Wednesday finally closing down -0.85% after a huge sell order hit the SPI futures market after 4 pm, ultimately it doubled the day’s losses in just 10-minutes i.e. before the aggressive MOC Order (market on close) the index had clawed back from being down 70-points to being just 32-points in the red. The market was feeling…
The ASX200 slipped away 0.5% on Tuesday after the RBA rate hike, no surprises really considering that while the majority of economists were calling the 0.25% move it wasn’t fully baked into bond prices hence the small intra-day rally in yields and the $A. Considering how far local stocks have rallied from both their October low and overall proximity…
