Business
ASX down 2% and stumbling towards quarterly decline – The Sydney Morning Herald
The ASX200 has tumbled as much as 2% and is on track for a quarterly decline, and its first monthly loss since March. The big banks and miners are down.
NSW unit approvals weakened by 31.9 per cent following a 63.9 per cent jump in July.
Nationally, a significant 11 per cent fall in apartment approvals partially offset a 23 per cent rise in July, which the lender said was unsurprising given the bundling of approvals causing month-to-month volatility.
For the other states, gains were particularly strong in Western Australia (up 33.8 per cent) and Queensland (up 8.1 per cent).
As we expected, the impacts of the Victorian lockdown were not refle…
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