Dec 29 (Reuters) - Australian shares extended losses on Thursday, weighed by gold and oil stocks, as a stronger greenback and COVID-19-led demand concerns from top consumer China dented investors' sentiment.
The S&P/ASX 200 index (xjo) fell 0.5% to 7,051.3 by 2305 GMT. The benchmark fell 0.3% on Wednesday.
Energy stocks .AXEJ dropped 2.3% to lead losses as investors weighed concerns around a surge in COVID-19 cases in China against the chances that the country's decision to dismantle pandemic curbs would boost fuel demand.
Oil and gas giant Woodside Energy (WDS) fell 2.7%, while Santos (STO) shed 2.6%
China will stop requiring inbound travellers to quarantine from Jan. 8, a major step towards relaxing stringent curbs on its borders amid hospitals in the country battling intense pressures due to a surge in infections.
Weak bullion prices dragged gold stocks .AXGD 1.5% lower after reaching a six-month peak in the previous session, as a stronger dollar and higher U.S. Treasury yields dragged the commodity lower.
Sector heavyweight Newcrest Mining (NCM) fell 2%, while Northern Star Resources (NST) was down 1.9%.
Miners .AXMM dropped 1% as iron ore futures were mixed. BHP Group Ltd (BHP) , Rio Tinto (RIO) , and Fortescue Group (FMG) slipped between 0.3% and 1.7%.
Tech stocks .AXIJ shed 0.6%, following overnight losses on Wall Street as investors grappled with rising COVID-19 cases in China, and geopolitical tensions heading into 2023, among others.
ASX-listed shares of Block Inc (SQ2) were down 0.8% while Xero (XRO) fell 1.3%
Financials slid 0.3%, with the "Big Four" banks losing between 0.3%-1%.
New Zealand's benchmark S&P/NZX 50 index (nz50) rose 0.2% to 11,562.81 points.
- Forums
- ASX - By Stock
- News: XRO Australian shares drop on strong dollar, China COVID woes; energy drops
Dec 29 (Reuters) - Australian shares extended losses on...
Featured News
Add XRO (ASX) to my watchlist
|
|||||
Last
$143.23 |
Change
-1.440(1.00%) |
Mkt cap ! $21.86B |
Open | High | Low | Value | Volume |
$143.74 | $144.89 | $142.83 | $57.50M | 400.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2999 | $143.23 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$143.65 | 1151 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 243 | 143.000 |
1 | 200 | 142.250 |
4 | 310 | 142.000 |
1 | 100 | 141.500 |
1 | 35 | 140.690 |
Price($) | Vol. | No. |
---|---|---|
143.700 | 50 | 1 |
143.800 | 5 | 1 |
144.100 | 183 | 1 |
145.000 | 481 | 5 |
145.200 | 247 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
XRO (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online