Thanks @shovel40, @Fiji1, @uncleBuck, @JohnI and morning crew.
Half-time wrap:
The Australian trading week made a subdued start as a US market holiday and the conclusion of the full-year reporting season depressed buying interest.
The ASX 200 faded 51 points or 0.57% by mid-session.
Gains in gold miners and traditional defensive sectors were outmuscled by declines in tech companies, iron ore miners and most of the banks.
The market was coming off a fifth straight monthly advance. The ASX 200 rallied 2.63% during August despite a turbulent reporting season that included double-digit swings in companies previously cherished for their stability.
US stocks fell on Friday as on-going worries about inflation and a possible AI bubble encouraged traders to book profits ahead of a three-day weekend. The S&P 500 dropped 0.64%. US exchanges are closed tonight for Labor Day.
Personal trading: Bought retraces in TG1 and GCM. Took a small hit in ORE from last week - volume too pitiful to hang around.
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- Afternoon trading September 1
Thanks @shovel40, @Fiji1, @uncleBuck, @JohnI and morning crew....
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