ASX 200 finishes 1.1% lower, financials drag

Investing.com

Published Feb 15, 2023 16:39

ASX 200 finishes 1.1% lower, financials drag

By Oliver Gray 

Investing.com - The S&P/ASX 200 fell 78.87 points or 1.1% to 7,352.2 during Wednesday’s session as investors monitored hotter than expected U.S. inflation numbers overnight, while financials retreated after commonwealth bank reported earnings results.

Among stocks, Macquarie Group Ltd (ASX:MQG) fell 0.4%, ANZ Group Holdings Ltd (ASX:ANZ) lost 3.8%, Commonwealth Bank Of Australia (ASX:CBA) dipped 5.7%, National Australia Bank Ltd (ASX:NAB) lost 4.1 and Westpac Banking Corp (ASX:WBC) fell 4.2%.

Consumer Staples were also 1.4% lower as Treasury Wine Estates Ltd (ASX:TWE) fell 6.9% after reporting earnings results that fell below analyst's expectations. Woolworths Ltd (ASX:WOW) lost 0.8%, Elders Ltd (ASX:ELD) dipped 1.7% and Endeavour Group Ltd (ASX:EDV) fell 1.1%.

On the bond markets, Australia 10-Year rates were at 3.749%.

In New Zealand, the NZX 50 finished 0.1% higher at 12,083.1.

Get The App
Join the millions of people who stay on top of global financial markets with Investing.com.
Download Now

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Sign out
Are you sure you want to sign out?
NoYes
CancelYes
Saving Changes