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 
  1. Homepage
  2. Indexes
  3. Australia
  4. Australian Stock Exchange
  5. S&P/ASX 200
  6. News
  7. Summary
    XJO   XC0006013624

S&P/ASX 200

SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

REFILE-Ex-dividend trading, global selling trip Australia shares

03/04/2021 | 01:19am EDT

(Corrects additional reporting credit, adds editing credit)

* Tech, healthcare stocks track U.S. peers lower

* Rio Tinto, BHP, Woolworths trade ex-dividend

* NZ's Synlait Milk dives after withdrawing forecast

March 4 (Reuters) - Australian shares fell on Thursday as renewed worries about rising U.S. bond yields soured risk sentiment globally and a slew of local index heavyweights including Rio Tinto traded ex-dividend.

Overnight, major Wall Street indexes closed sharply lower after investors sold high-flying technology stocks, while MSCI's ex-Japan Asian-Pacific shares lost 1.7% in early trade on Thursday.

"The situation in the local market right now is related to the U.S. treasury market," said Brad Smoling, managing director at Smoling Stockbroking.

"This seems to be a big concern and the Fed has to step in to do some yield curve control."

The S&P/ASX 200 index ended 0.8% lower at 6,760.7, weighed down by miners Rio Tinto and BHP Group and supermarket chain Woolworths Group as they traded ex-dividend.

Tech stocks fell 1.5%, tracking a sell-off in U.S. peers. Buy-now-pay-later firm Afterpay slid more than 2%, while Xero Ltd shed 3%.

Healthcare stocks fell 3.5%, hitting their lowest level in nearly a year. Sector heavyweight CSL Ltd, which relies heavily on revenues from the United States, dropped as much as 5.8%.

Bucking broader market weakness, the financial sub-index climbed more than 1% to its highest in over a year. The "Big Four" banks firmed between 0.4% and 2%, while QBE Insurance gained 3%.

Financials have added about 5% this week, buoyed by data showing faster-than-expected economic growth, reaffirmation by the central bank of its accommodative stance and extension of a bond-buying programme.

New Zealand's benchmark S&P/NZX 50 index closed down 1%, with utility, consumer and healthcare stocks weighing the most.

Dairy firm Synlait Milk Ltd dived more than 10% to hit a near four-year low, after withdrawing its 2021 earnings forecast. (Reporting by Shruti Sonal in Bengaluru; Additional reporting by Tejaswi Marthi; Editing by Subhranshu Sahu)

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AFTERPAY LIMITED 0.07% 127.39 End-of-day quote.7.96%
BHP GROUP 0.51% 47.57 End-of-day quote.12.11%
CSL LIMITED 0.29% 269.07 End-of-day quote.-4.98%
QBE INSURANCE GROUP LIMITED -1.41% 9.77 End-of-day quote.14.54%
S&P/ASX 200 0.07% 7063.5 Real-time Quote.7.23%
SYNLAIT MILK LIMITED -0.28% 3.54 End-of-day quote.-32.31%
WOOLWORTHS GROUP LIMITED 0.07% 42.04 End-of-day quote.6.94%
XERO LIMITED 1.03% 147.14 End-of-day quote.0.22%
All news about S&P/ASX 200
04/16Wall Street Trades Steady in US Pre-Bell Session With Futures Muted; Europe a..
04/16Wall Street Steady Pre-Bell; Futures Muted, Europe Up, Asia Higher
04/16Asian Stock Markets Higher After Fresh Wall Street Records, China GDP Report
04/16Hong Kong Hang Seng Up 0.6% After Beijing GDP Report
04/16MARKET CHATTER : Australian Natural Therapeutics, Asterion Cannabis to Merge for..
04/16Australian Shares Close Week Marginally Up as Financials, Energy Temper Four-..
04/16MARKET CHATTER : Virgin Australia Plans Major Recovery, to Operate at 100% Capac..
04/16S&P/ASX 200  : Australian Shares Eke Out Small Gain as Financials, Energy Temper..
04/16UNIBAIL RODAMCO WESTFIELD  : Receives ASX Approval to Defer CDI, Stapled Share C..
04/16MARKET CHATTER : Citi to Sell Consumer Banking Business in Australia, 12 Other C..
More news
News of the index components S&P/ASX 200
04/16MAYNE PHARMA  : 16/04/2021 u.s. fda approves nextstellis®, new oral contraceptiv..
04/16ALUMINA LIMITED  : - Alcoa Corp First Quarter 2021 Earnings Release
04/16MAYNE PHARMA  : And mithra announce fda approval of new oral contraceptive nexts..
04/16Mayne Pharma and Mithra Announce FDA Approval of New Oral Contraceptive Estel..
04/16BHP GROUP  : quaterly sales release
04/16Australia's lithium miners bank on brighter times ahead as prices soar
04/16CROWN RESORTS  : New South Wales Gaming Regulator Reaches Deal with Crown Resort..
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 :