Business
As it happened: ASX falls 1.8%, closes at four-week low – The Age
The ASX 200 is below 6000 points for the first time in four weeks as the financial sector drags. The Aussie dollar is at a two-year highs above US74c.
Some of the hot sectors have come off pretty hard today, so it might be that people are thinking theres probably not going to be much of a news flow for the next few months, Mr Clark said.
This is usually a time when fund managers revaluate what they are holding, and maybe take some stuff out, put it elsewhere, or maybe hold a bit of cash.
All sectors finished lower with financials, consumer staples, property, and energy stocks losing more than 2 per cent, and tech stocks dropping 3.4 per cent…
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