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Why outperforming ASX resources shares will be in the hotseat on Monday – The Motley Fool Australia
Negative leads from Wall Street are likely to pressure our market on Monday and outperforming ASX resource shares could take the brunt of the sell-off.
Negative leads from Wall Street are likely to pressure our market on Monday and outperforming ASX resource shares could take the brunt of the sell-off.
The S&P 500 Index closed the week with a 0.5% loss while the Dow Jones Industrials Index fell 1.5%. The S&P/ASX 200 Index (Index:^AXJO) will probably kick off the trading week on a negative footing but it’s commodities-linked shares that will be in the hotseat.
This is because metals and oil took a big hit on Friday as the US dollar jumped, reported…
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