Business
As it happened: ASX sags into weekend, still adds 1.3% for the week – The Sydney Morning Herald
The ASX slipped on Friday despite overnight gains on Wall St and improved gold and iron ore prices. The index managed to add 1.3% for the week.
But with tensions rising between Washington and Beijing, and key US jobs figures on the horizon, fresh money again proved hesitant. An uncertain earnings season outlook also heightened nerves.
“The market feels a little fatigued ahead of the profit season (next week),” Tribeca portfolio manager JunBei Liu said.”People want to see how bad things are, and what companies see going forwards.”
Ms Liu said the trickle of local corporate results so far had painted a mixed picture. Diversified financi…
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