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    CWN   AU000000CWN6


End-of-day quote Australian Stock Exchange  -  2022-06-23
13.09 AUD   -.--%
07/07Crown Resorts Limited Announces Executive Changes
07/06Australia's Crown taps Wynn Macau COO as top boss after Blackstone takeover
07/06Australia's Crown Resorts names Wynn Macau COO as top boss
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Financials drag Australian shares down; Crown Resorts rises on takeover approval

06/08/2022 | 09:12pm EDT

June 9 (Reuters) - Australian shares slipped on Thursday, impacted by banking stocks extending losses after the central bank raised interest rates by the most in 22 years, while Crown Resorts climbed after gambling regulators approved its buyout by Blackstone.

The S&P/ASX 200 index was down 0.9% at 7,058.80 by 0039 GMT, on track to hit a three-week low. The benchmark closed 0.4% higher on Wednesday.

Market sentiment was dampened as Australia's four largest lenders hit multi-month lows, after the central bank's rate decision earlier this week spooked investors, triggering concerns of a housing market sell-off.

The MSCI world equity index, which tracks shares in 50 countries, fell 0.56%. In other key markets, Japan's Nikkei rose 0.2% to 28,298.39 and S&P 500 E-minis futures inched 0.1% lower.

In Australia, financials were the lead laggards on the local bourse, slumping 2.9% to hit more than a year low. The country's "Big Four" banks slid between 2.2% and 3.2%.

The metals and mining index lost 0.2% on weak iron ore prices. Sector behemoths BHP Group and Rio Tinto retreated 0.2% each, while Fortescue Metals Group was flat.

On the upside, oil prices jumped to a 13-week high on Wednesday and lifted energy stocks up 0.8%. Oil and gas major Woodside Energy Group rose 1.9%.

Meanwhile, Crown Resorts advanced 1.9% after gambling regulators in the states of Victoria and New South Wales approved U.S. private-equity firm Blackstone Inc's $6.3 billion takeover of the casino operator.

Magellan Financial Group jumped 4.3% as the fund manager brought forward the appointment of David George as chief executive officer and managing director to July 19.

New Zealand's benchmark S&P/NZX 50 index fell 0.2% to 11,242.53.

($1 = 1.5513 New Zealand dollars) (Reporting by Upasana Singh; Editing by Shailesh Kuber)

© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP LIMITED 0.80% 39.12 Delayed Quote.-6.48%
BLACKSTONE INC. 1.49% 102.71 Delayed Quote.-21.79%
CROWN RESORTS 0.00% 13.09 End-of-day quote.9.45%
FORTESCUE METALS GROUP LIMITED 4.52% 18.96 Delayed Quote.-5.57%
LONDON BRENT OIL 2.74% 96.48 Delayed Quote.21.13%
MAGELLAN FINANCIAL GROUP LIMITED -3.60% 14.46 Delayed Quote.-29.38%
MSCI WORLD 0.24% 2758.72 Real-time Quote.-14.84%
NIKKEI 225 0.26% 28249.24 Real-time Quote.-2.14%
S&P/ASX 200 0.07% 7020.6 Real-time Quote.-5.76%
WOODSIDE ENERGY GROUP LTD 2.06% 31.75 Delayed Quote.41.86%
WTI 2.85% 90.566 Delayed Quote.17.49%
All news about CROWN RESORTS
07/07Crown Resorts Limited Announces Executive Changes
07/06Australia's Crown taps Wynn Macau COO as top boss after Blackstone takeover
07/06Australia's Crown Resorts names Wynn Macau COO as top boss
07/01South Australia to review Skycity's Adelaide casino amid broader scrutiny
06/24SECTOR UPDATE : Financial Stocks Climb Pre-Bell Friday
06/24Crown Resorts to Redeem Subordinated Bonds
06/24Blackstone Acquires Crown Resorts for Undisclosed Sum
06/24Blackstone Entity Implements Scheme of Arrangement for Crown Resorts Takeover
06/24THE BLACKSTONE GROUP INC. (NYSE : BX) completed the acquisition of remaining 90% stake in ..
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Financials ()
Sales 2022 2 011 M - -
Net income 2022 -146 M - -
Net Debt 2022 - - -
P/E ratio 2022 -59,5x
Yield 2022 -
Capitalization 8 864 M 6 205 M -
Capi. / Sales 2022 4,41x
Capi. / Sales 2023 2,71x
Nbr of Employees 12 489
Free-Float -
Duration : Period :
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Managers and Directors
Steven B. McCann Chief Executive Officer, Director & MD
Alan McGregor Chief Financial Officer & Secretary
Zygmunt Edward Switkowski Independent Non-Executive Chairman
Sarah Jane Halton Independent Non-Executive Director
Nigel Barclay Morrison Independent Non-Executive Director