Industry News

ASX closes 1pc lower in third day of losses

Views : 195
Update time : 2022-05-10 18:23:02

Australian shares fell 1 per cent on Tuesday, the third consecutive day of losses as investors fretted about the risk of a global recession after Shanghai and Beijing tightened COVID-19 curbs in a world of higher interest rates.

The benchmark bounced from its lowest level in three months. Ten out of the index’s 11 categories slipped with materials and energy taking the lead.

Related News
Read More >>
Turkey reports decrease in Jan-Apr wire rod exports & value Turkey reports decrease in Jan-Apr wire rod exports & value
Jun .06.2025
Turkey reports decrease in Jan-Apr wire rod exports & value
EGA expands solar aluminum supply to Hyundai Mobis EGA expands solar aluminum supply to Hyundai Mobis
Jun .06.2025
EGA expands solar aluminum supply to Hyundai Mobis
LME nickel rebounds above $15,500 level on market factors LME nickel rebounds above $15,500 level on market factors
Jun .06.2025
LME nickel rebounds above $15,500 level on market factors
Walsin Lihwa’s May revenue drops m-o-m, rises Walsin Lihwa’s May revenue drops m-o-m, rises
Jun .06.2025
Walsin Lihwa’s May revenue drops m-o-m, rises