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4 Feb 2017 (AFR) – Tough week for ASX as Trump scares and earnings disappoint

(4 February 2017, AFR, p27, by Myriam Robin and Jessica Sier)

‘International diplomatic tensions dominated the second week of US president Donald Trump’s tenure, spooking investors and forcing most bourses lower, while earnings downgrades plagued the local market.  The S&P/ASX 200 index experienced the largest single-week fall since November, with broad losses across every sector except utilities leading the market to finish at 5621.6 on Friday, down 1.6 per cent on last weeks’ close. The broader All Ordinaries was down by a similar proportion over the five trading days. On Friday, the ASX reversed early gains to finish down 0.4 per cent. ‘

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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