Business
AMP to split; ASX flat after Wall Street drops on Biden tax worries – ABC News
Australian shares end flat following Wall Street’s losses amid tax increase concerns. AMP reveals plans to split the company’s businesses, with Boe Pahari to leave…
The Australian share market has finished flat off the back of Wall Street’s slide amid concerns about higher income taxes for wealthy Americans.
Key points:
- US investors worried about tax hikes send Wall Street lower
- Growth stocks like Tesla and Amazon were down
- AMP shares jumped around 7pc at one point on the demerger plan, but pared those gains
The benchmark ASX 200 closed up just 5 points to 7,061, while the broader All Ordinaries gained only 0.1 per cent to 7,321 at the close of trading.
The…
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