The native share market has dropped once more, hitting a virtually seven-week low and placing it on observe for its third straight shedding session.
At midday AEDT on Thursday, the benchmark S&P/ASX200 index was down 69.9 factors, or 0.98 per cent, to 7016.8, its lowest degree since November 11.
The broader All Ordinaries was down 69.4 factors, or 0.96 per cent, to 7192.8.
The losses got here after an analogous down day on Wall Street, the place the S&P500 fell 1.2 per cent.
A month-to-month investor confidence index by State Street Associates and State Street Global Markets discovered that investor confidence was at its lowest degree because the begin of the pandemic, based mostly on shopping for and promoting patterns of institutional traders.
“Overall, investor risk appetite continued to weaken this month,” mentioned Marvin Loh, senior macro strategist at State Street Global Markets. It is the third consecutive month of declines, he added.
Every ASX sector besides healthcare was down at noon, with vitality the toughest hit, falling almost three per cent as oil costs fell on worries about demand.
Woodside was down 3.3 per cent to $35.60, Santos dropped 2.7 per cent to $7.17 and Whitehaven Coal was down 3.5 per cent to $9.415.
The heavyweight mining sector was down by simply over one per cent, with BHP retreating 1.3 per cent to $45.92, Fortescue dipping 0.4 per cent to $20.74 and Rio Tinto down 0.5 per cent to $117.255.
The massive banks had been all decrease as nicely, with Westpac dropping 1.2 per cent to $23.20, NAB down 1.1 per cent to a two-month low of $29.90, ANZ down 0.5 per cent to $23.565 and CBA retreating 0.9 per cent to a two-month low of $102.21.
Property was taking a battering, collectively falling two per cent with Dexus down 4.4 per cent and Stockland down 3.3 per cent.
The healthcare sector was the one spot of inexperienced, climbing 0.2 per cent. CSL was up 0.1 per cent to $285.83 and Fisher & Paykel Healthcare had risen 1.4 per cent to $21.08.
In foreign money, the Australian greenback was shopping for 67.49 US cents, little modified from the 67.50 US cents it was altering fingers for at Wednesday’s ASX shut.
