Innovation

Australian stocks follow global markets lower: Afternoon market insights

Myriam Robin /

The Australian sharemarket lost almost half a percent today after global bourses traded lower overnight.

At 3.30pm the ASX200 remains a whisper above the 4000 mark, down 0.46% to 4009.3. The broader All Ordinaries index lost 0.48% to 4052.6.

The dollar slipped below parity in overnight trade before regaining lost ground today. It’s currently trading just above parity, buying $US1.00195.

Both the Dow Jones and the NASDAQ lost ground overnight, down 1.1% and 1.9% respectively. Asian markets also traded lower today, with the Nikkei down 0.7% and the Hang Seng 0.5% weaker.

Advertisement
Myriam Robin

Myriam Robin is a reporter for SmartCompany and its sister site LeadingCompany. She has degrees in economics, international studies and journalism. She likes writing about businesses taking risks and doing new things.

We Recommend

FROM AROUND THE WEB