Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Thursday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) higher 0.39% to 6,716.10
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.41% to 6,805.80
- AUD/USD at US 70 cents
- Gold at US$1,420.18 an ounce
- Brent Oil at US$67.28 a barrel
The Australia and New Zealand Banking Group (ASX: ANZ) share price fell 0.8% after being told by APRA it needs to hold an extra $500 million of operational risk capital. However, the National Australia Bank Ltd (ASX: NAB) share price rose nearly 1% despite being told the same thing.
Here are some of today’s top stories:
- Is our love of dividends holding the ASX back?
- Why did Apple just pay Samsung nearly $700 million?
- Should you buy a house or invest in ASX shares?
- Where I’d invest $10,000 into ASX shares today
Today’s APRA requirement of three of the big four banks to hold more capital is yet another sign why I think it would be better to diversify a portfolio away from them and towards growing ASX businesses like these.
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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 National Australia Bank Limited and Netwealth. 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.