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4 big stories that affected the ASX 200 (ASX:XJO) this week

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) was eventful this week. Here are four big stories that affected the index:

Royal Commission starts up again

The Hayne inquiry has started again this week, with bank CEOs facing the spotlight and offering their apologies for their banks’ misdeeds.

So far, we have heard from Commonwealth Bank of Australia (ASX: CBA) CEO Matt Comyn, Westpac Banking Corp (ASX: WBC) CEO Brian Hartzer and Macquarie Group Ltd (ASX: MQG) CEO Nicholas Moore.

AGM season continues

ASX businesses continue to hold their AGMs and inform investors how their company is going in FY19.

It wasn’t pretty viewing for shareholders of car dealer Automotive Holdings Group Ltd (ASX: AHG) which reported that profit had fallen by 45%.

A new ASX share hits the boards

After months of build-up, Wesfarmers Ltd (ASX: WES) and Coles Group Limited (ASX: COL) are now finally separate businesses.

One broker believes that Coles is the better buy compared to Wesfarmers.

China gives some hope

The China-focused shares of Bellamy’s Australia Ltd (ASX: BAL), Blackmores Limited (ASX: BKL) and A2 Milk Company Ltd (ASX: A2M) got a boost this week after it was reported that Chinese officials had changed their mind and would only refine existing laws.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Blackmores Limited and Wesfarmers Limited. The Motley Fool Australia owns shares of A2 Milk. The Motley Fool Australia has recommended Automotive Holdings Group Limited. 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.

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