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1.Market Observations, 8.Was Sticky

3 Oct 2019 (TheAge) – ASX slips 1.5pc after US manufacturing shrinks

(3 October 2019, The Age, Business, p27, By Lucy Battersby)

S&P/ASX 200 (XJO) index daily candle chart (Brainy)

S&P/ASX 200 (XJO) index daily candle chart (Brainy)

‘A sharper than expected dip in key manufacturing data from the United States rattled investor confidence on Wednesday, driving the Australian sharemarket to record its worst session in seven weeks. The benchmark S&P/ASX 200 index closed 1.5 per cent lower, dropping 103 points to 6639.9. on Wednesday. Financials and materials were the worst performing sectors. By the end of the day just 18 companies were higher while 180 closed lower.’


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