Australian shares fell on Thursday with energy stocks leading losses on concerns about China’s reopening amid an explosion of infections.
Australian shares declined in early trade, tracking a fall on Wall Street, as hopes for a year-end rally faded with renewed concerns about global growth.
Oil prices fell on worries over a surge in COVID-19 cases in China, the world’s top oil importer, outweighing the chances that easing pandemic restrictions in the country will boost fuel demand. Lithium miners were mixed with shares in Mineral Resources down 2 per cent to $76.70, Liontown Resources up 0.4 per cent to $1.23, and Pilbara Minerals down 0.4 per cent to $3.64.Battery technology company Novonix bounced 4 per cent to $1.45 after suffering a sharp drop in the previous session on talks Tesla was planning to temporarily halt production at its China factory.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX to drop after US stocks slump for a second dayAustralian shares are expected to decline when the market opens. Wall Street fell in thin holiday trading as hopes for a year-end rally dimmed.
Read more »
ASX set to drop after tech stocks fall on Wall StreetAustralian shares are expected to open lower, following a decline in big US technology equities as rising Treasury yields weighed on sentiment.
Read more »
ASX to drop after US stocks slump for a second dayAustralian shares are expected to decline when the market opens. Wall Street fell in thin holiday trading as hopes for a year-end rally dimmed.
Read more »
ASX set to drop after tech stocks fall on Wall StreetAustralian shares are expected to open lower, following a decline in big US technology equities as rising Treasury yields weighed on sentiment.
Read more »
Australian bowling injuries offer South Africa hope at MCGAustralia might have a depleted bowling attack for South Africa's second innings, boosting the tourists' hopes of a long-overdue batting fightback even as one of their own bowlers escapes injury after a freak accident with a camera.
Read more »