![]() Spot gold was up 0.1 per cent to $U1841.16 an ounce.Īsian markets were also sold off. Oil prices fell from a seven year high after a surprise gain US crude stockpiles and a rise in petrol supplies.īrent crude fell nearly 2 per cent to $US86.72 a barrel. The Australian dollar dropped 0.5 per cent to 71.88 US cents at 4:30pm AEDT. It will run up to 15 flights a week from Sydney, Melbourne, Adelaide, Darwin, and Brisbane to Perth.Īnd Fortescue Metals said it was concerned that the lack of clarity on the reopening of WA's borders could worsen labour shortages. ![]() Qantas said it would cut flights to Western Australia because of the WA Government's plans to delay the reopening of its border. The company is being investigated by regulators.ĪNZ (-1.6pc) did the worst of the big four banks. Software firm Nuix slumped by nearly 23 per cent as it said it expected earnings to fall and legal costs to rise. The top performers on the ASX 200 index were gold miners Regis Resources (+6.1pc) and Ramelius Resources (+2.9pc), and building materials maker Boral (+2.1pc). Whitehaven Coal (-6.1pc) took a hit after it cut its coal production forecast after operations were affected by COVID-19. Leading the losses on the ASX 200 index were uranium miner Paladin Energy (-11pc), buy now, pay later firm Zip (-7.8pc) and rare earths miner Lynas (-7.5pc). The index fell 2.7 per cent on January 6th after the US central bank indicated it may raise official rates sooner than expected. It is the second biggest percentage fall this year. ![]() In the last hour of trade, the market fell nearly 3 per cent.īy the close, the All Ordinaries index lost 2.3 per cent to 7,490, while the ASX 200 index also fell 2.3 per cent to 7,176.Īll sectors were sold off with miners and energy stocks leading the declines. The Australian share market slumped after another fall on Wall Street as investors worry about pending rises in interest rates by the US central bank.
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