Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Wednesday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 2.31% to 6,708.10
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 2.35% to 6,790.70
- AUD/USD at US 66 cents
- Gold at US$1,644.63 an ounce
- Brent Oil at US$55.28 a barrel
The coronavirus caused a sell-off of many of the ASX’s most popular growth shares. The Polynovo Ltd (ASX: PNV) share price was crunched, it dropped 20.5%. Other examples of painful declines belonged to Appen Ltd (ASX: APX) and WiseTech Global Ltd (ASX: WTC), their share prices fell 9.3% and 8.1% respectively.
Here are some of today’s top stories:
- Well, I did it. I bought shares today
- Australia activates emergency coronavirus plan, what does it mean for ASX shares?
- How to invest in ASX shares this week
- 3 all-star ASX dividend shares looking cheap today
Where to invest $1,000 right now
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.
*Returns as of June 30th
Tristan Harrison owns shares of Australian Ethical Investment Ltd. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Australian Ethical Investment Ltd. The Motley Fool Australia owns shares of Appen Ltd and WiseTech Global. The Motley Fool Australia has recommended Australian Ethical Investment Ltd., InvoCare Limited, and Nine Entertainment Co. Holdings 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.