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Trump trade hits ASX 200: 6 shares you should have been watching

The local share market was hit with a hammer again on Thursday following a rough night for Wall Street, sparked by the latest Donald Trump controversy.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.8% to 5738 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.8% to 5775 points
  • AUD/USD at US 74.59 cents
  • Iron Ore at US$62.20 a tonne, according to the Metal Bulletin
  • Gold at US$1,259.62 an ounce
  • Brent oil at US$52.00 a barrel

Investors were hit hard on Thursday as some of the country’s biggest shares toppled. National Australia Bank Ltd. (ASX: NAB) fell another 0.9% and Westpac Banking Corp (ASX: WBC) shed 3.1%, weighed down after the shares went ex-dividend.

The Coca-Cola Amatil Ltd (ASX: CCL) share price dropped 3.8% as well after Goldman Sachs downgraded its view on the stock from Neutral to Sell.

Sirtex Medical Limited (ASX: SRX) plummeted 28.3% on the back of poor research results. It also announced a personnel change with Mr Kevin Richardson, CEO of the Americas division, ceasing employment with the business immediately.

On the other hand, the OrotonGroup Limited (ASX: ORL) share price bounced back in fine fashion after yesterday’s mauling. The shares regained 10.6%.

And Fairfax Media Limited (ASX: FXJ) rose 6.9% after the media group received another takeover offer, this time from Hellman and Friedman.

Here are Thursday’s top stories:

  1. Why Sirtex Medical Limited’s FOXFIRE trial results disappointed
  2. You’d be nuts to keep all your money in the Australian Dollar (A$) in 2017
  3. 3 Reasons Why Wesfarmers Ltd canned its Officeworks IPO

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Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia owns shares of National Australia Bank Limited and Wesfarmers Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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