ASX 200 closes at 10-week lows, energy sheds 4.6%
Investing.com
Published Mar 16, 2023 16:34
By Oliver Gray
Investing.com - The S&P/ASX 200 lost 103.4 points or 1.5% to 6,965.5 during Thursday's trade, finishing at 10-month lows as trader reeled from an expanding financial crisis, with Credit Suisse the latest bank to be bailed out.
Among stocks, Energy led declines with Santos Ltd (ASX:STO) down 4.9%, Beach Energy Ltd (ASX:BPT) falling 4.4%, Woodside Energy Ltd (ASX:WDS) down 5.4% and Viva Energy Group Ltd (ASX:VEA) shedding 3.9%.
Financials lost 1.4% with Commonwealth Bank Of Australia (ASX:CBA) falling 0.1%, Macquarie Group Ltd (ASX:MQG) down 1.7%, Westpac Banking Corp (ASX:WBC) falling 2.1%, National Australia Bank Ltd (ASX:NAB) down 1.7% and ANZ Group Holdings Ltd (ASX:ANZ) falling 2.5%.
Materials lost 3.2% as Rio Tinto Ltd (ASX:RIO) dipped 4%, BHP Group Ltd (ASX:BHP) lost 4.8%, Fortescue Metals Group Ltd (ASX:FMG) dipped 3.2% and Champion Iron Ltd (ASX:CIA) lost 4.1%.
ASX All Ordinaries Gold lifted on stronger spot prices with St Barbara Ltd (ASX:SBM) up 4.4%, Gold Road Resources Ltd (ASX:GOR) adding 2.6%, Newcrest Mining Ltd (ASX:NCM) up 0.4% and Northern Star Resources Ltd (ASX:NST) adding 0.5%.
On the data front, Australian employment came in stronger than expected, adding 64.6K positions versus 48.5K predicted.
On the bond markets, Australia 10-Year rates were at 3.337%.
In New Zealand, the NZX 50 added 81.8 points or 0.7% to 11,699.
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