Yesterday AFR article:...

Yesterday AFR article:

(AFR)com/markets/equity-markets/technology-stocks-surge-as-miners-drag-asx-0-5pc-lower-20220706-p5azil

Technology stocks enjoyed another day in positive territory on Wednesday after a horror first half year as commodity and bond prices flashed warnings about a potentially looming recession.
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Most of that is being driven on the shifting narrative from inflation risk to recession risk
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Despite gains across most sectors of the market, led also by REITs, the S&P/ASX 200 ended a wild day in the red, pulled lower by declines of the mining giants BHP and Woodside. Gold miners also fell amid a retreat in commodity and iron ore prices.
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Mr Rundell put the declines down to big falls in oil and commodity prices with recession anxiety hobbling demand for raw materials.
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“Growth concerns are filtering through to commodities and resources in general.”
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