The Market Wrap with Scott Phillips – CIO, The Motley Fool

Money News

With Richard White stepping down as the head of Wisetech Global, will the company be able to arrest the slide in its share price?

MARKET WRAP:

• ASX200: down 0.12%, 8,206
• GOLD: $2,747 US/oz
• BITCOIN: $100,926 AUD

• Tech stocks again took a beating, with NextDC losing 3.9%, Macquarie Technology Group down 3.2% and Codan losing 2.2%.
• Fortescue managed to ship a record 47.7 million tonnes of iron ore across the country, but with analysts expecting more, its share price dropped down 3.2% to $19.13
• Each of the Big Four banks were in the green.
• A win in the United States for Telix Pharmaceuticals, who gained FDA approval on a drug application, saw its shares gain 1.7% to $21.46.
• And there were gains of more than 1% for REA Group, South 32 and Sonic Healthcare.

CURRENCY UPDATE:

• AUD/USD: 66.55 US cents
• AUD/GBP: 51.4 pence
• AUD/EUR: 61 Euro cents
• AUD/JPY: 101 Japanese yen
• AUD/NZD: 1.10 NZ dollars

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