Business
Australian sharemarket retreats, with losses across all major sectors – NEWS.com.au
Australian sharemarket retreats, with losses across all major sectors
The Australian sharemarket fell substantially on Wednesday, with all major sectors losing ground, while global artificial intelligence and data analytics leader Appen was hammered for its half-year results.The S&P/ASX200 closed 0.9 per cent lower at 6777.8 while the All Ordinaries Index dipped 0.86 per cent to 7049.4.
OpenMarkets Group chief executive Ivan Tchourilov said Appen was a particularly poor performer and had been “crucified” by investors off the back of its full-year results, slumping…
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