You are viewing:-
you're reading...
1.Market Observations

6 Aug 2019 (AFR) – Trade war wipes $38b off ASX, hits tech

(6 August, 2019, AFR, p27,William McInnes, Reporter)

Markets roundup Monday (Bloomberg, Capital Economics, AFR)

Markets roundup Monday (Bloomberg, Capital Economics, AFR)

‘Tech stocks led a sharemarket plummet on Monday, as the Chinese yuan dropped below a key level, sparking panic across Asian markets and pushing local shares to their worst session since December. Selling in growth stocks was heavy as investors looked to exit riskier stocks. Tech darlings, in particular, were hit hard as investors took profits following firm gains in the sector since January.’

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

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Advertisements
%d bloggers like this: