Business
ASX falls despite Wall Street’s record highs, American Airlines to axe 19,000 jobs – ABC News
Australian shares fall in early trade after the S&P 500 and Nasdaq hit new records, but every other stock market was weaker, and American Airlines says its workforce will shrink by 30 per cent.
Australian shares have fallen sharply, despite record-breaking sessions on Wall Street, but a mixed performance in other markets.
Key points:
- The ASX 200 has risen by almost 4pc since August 1
- But the ASX is 17pc below its February record high (7,197 points)
- Wall Street’s Nasdaq index posted more than 20 record highs since June
By 11:50am AEST, the benchmark ASX 200 index was down 1.3 per cent to 6,082 points.
The Australian dollar lifted (+0.5pc) to 72 US c…
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