Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Indexes  >  Australian Stock Exchange  >  S&P/ASX 200    XJO   XC0006013624

S&P/ASX 200

SummaryMost relevantAll NewsNews of the index componentsMarketScreener Strategies

Australia shares decline on weak manufacturing survey, fading U.S. stimulus hopes

10/22/2020 | 10:00pm EST

* Mining stocks fall 1%, gold stocks down 2.5%

* BlueScope Steel surges 12%, tops benchmark index

* Australia's Oct Mfg PMI below estimate - IHS Markit

Oct 23 (Reuters) - Australian shares fell on Friday, weighed down by miners, as weak manufacturing survey data and waning hopes for a pre-election U.S. coronavirus relief package knocked investor sentiment.

The S&P/ASX 200 index slipped 0.3%, or 19.3 points, to 6,154 by 0112 GMT, after a 0.3% drop in the previous session.

A preliminary IHS Markit survey showed Australian manufacturing activity expanded in October at a weaker pace than last month and also missed estimates, as coronavirus-driven lockdowns in parts of the country continued to hamper economy recovery.

With the U.S. presidential election just around the corner, global equity markets have been volatile as U.S. lawmakers struggle to reach agreement on a coronavirus aid package.

Hopes of a deal were further dimmed when House Speaker Nancy Pelosi said she and Treasury Secretary Steven Mnuchin had not spoken on Thursday.

In Australia, the metals and mining index, the biggest constituent of the benchmark, slid 1%. Top iron ore miners Rio Tinto Ltd and BHP Group Ltd lost up to 1.4% each.

An overnight slump in bullion prices saw the gold sub-index fall 2.5%.

Resolute Mining Ltd fell the most, sliding 4% after Citi trimmed its price target for the stock. Red 5 Ltd was down 2.5%.

Tech stocks slipped 0.7%, with software maker WiseTech Global shedding 2.3%.

Mineral sands producer Iluka Resources plunged 46% as the stock traded on a demerger-basis after spun-off unit Deterra Royalties started trading on the stock exchange.

Among gainers, BlueScope Steel Ltd surged 12% in its biggest intraday percentage gain in four years on strong second-half outlook.

In New Zealand, the benchmark S&P/NZX 50 index fell 0.2% to 12,385.2, with IT services provider Serko Ltd and Vista Group International Ltd down about 2% each. (Reporting by Anushka Trivedi in Bengaluru; Editing by Subhranshu Sahu)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP -1.68% 38.07 End-of-day quote.-2.18%
BLUESCOPE STEEL LIMITED -1.16% 17.1 End-of-day quote.13.55%
IHS MARKIT LTD. -5.89% 93.6 Delayed Quote.24.22%
ILUKA RESOURCES LIMITED -1.48% 5.34 End-of-day quote.-42.58%
RED 5 LIMITED -3.85% 0.25 End-of-day quote.-24.24%
RESOLUTE MINING LIMITED -3.80% 0.76 End-of-day quote.-39.68%
RIO TINTO GROUP -0.59% 101.4 End-of-day quote.1.00%
RIO TINTO PLC 3.38% 4997.5 Delayed Quote.10.98%
S&P/ASX 200 0.03% 6590.2 Real-time Quote.-2.49%
SERKO LIMITED -2.19% 5.36 End-of-day quote.8.28%
VISTA GROUP INTERNATIONAL LIMITED 0.00% 1.75 End-of-day quote.-51.39%
WISETECH GLOBAL LIMITED 3.17% 30.9 End-of-day quote.32.22%
All news about S&P/ASX 200
12:55aAustralian shares end flat as cenbank governor flags "bumpy" road to recovery
12/01Australia shares gain as cenbank signals stimulus boost
12/01Australian shares jump 1% as cenbank holds rates on housing market boom
11/30Asian shares open higher following stellar month of gains
11/30Australia shares recover ground ahead of cenbank decision; China tensions wei..
11/30Greatland Gold, Newcrest Mining Extend Collaboration in Australian Gold Proje..
11/30TREASURY WINE ESTATES : Australian stocks drop on China tensions; post record mo..
11/29TREASURY WINE ESTATES : Australia shares eye record monthly gain on vaccine chee..
11/27Australia shares end lower as vaccine doubts weigh
11/26Vaccine optimism sets Australia shares for best month on record
More news
News of the index components S&P/ASX 200
12:55aAustralian shares end flat as cenbank governor flags "bumpy" road to recovery
12/01AUSTRALIA AND NEW ZEALAND BANKING : economy rebounds sharply in Q3 from COVID-19..
12/01PENDAL : Appendix 2A
12/01WOODSIDE PETROLEUM : uses large-scale computing to deliver seismic results in ho..
12/01WESTPAC BANKING : 02/12/2020 Westpac sells General Insurance business to Allianz..
12/01OROCOBRE : Final Director's Interest Notice - Final Directors Interest Notice.
12/01OROCOBRE : Initial Director's Interest Notice - Initial Director's Interest Noti..
More news
Chart S&P/ASX 200
Duration : Period :
S&P/ASX 200 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends S&P/ASX 200
Short TermMid-TermLong Term
Heatmap :