Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Thursday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 1.12% to 6,160.40
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 1.13% to 6,267.80
- AUD/USD at US 72 cents
- Gold at US$1,196.40 an ounce
- Brent Oil at US$77.20 a barrel
Overseas market falls, particularly tech shares, led to many ASX darling shares also falling. Altium Limited (ASX: ALU) fell by nearly 6%, WiseTech Global Ltd (ASX: WTC) dropped 5.2% and Afterpay Touch Group Ltd (ASX: APT) declined 4.3% and Xero Limited (ASX: XRO) was 5.7% in the red.
Here are some of today’s top stories:
- ANZ Bank and Commonwealth Bank lift variable mortgage rates
- UBS: Liar Loans will come back to haunt the big banks
- These are Australia’s 10 biggest private companies
- 5 investment lessons to always apply to your thinking
When a veritable investing and entrepreneurial genius speaks, it pays to listen.
In fact, he's now preparing a $100B "war chest" to invest entirely in this "terrifying" new technology, which could spell huge profits for investors.
Motley Fool contributor Tristan Harrison owns shares of Altium and DUXTON FPO. The Motley Fool Australia owns shares of and has recommended Nearmap Ltd. and Telstra Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO, Altium, WiseTech Global, and Xero. 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 Scott Phillips.