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The COB from ausbiz
The S&P/ASX200 closed sharply lower Thursday, dropping 143 points or 1.9% to 7,370, as fears of a global pullback coalesced into some broad-based selling here at home
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The S&P/ASX200 closed sharply lower Thursday, dropping 143 points or 1.9% to 7,370, as fears of a global pullback coalesced into some broad-based selling here at home. Almost $50 billion of value was wiped off the local index in it's worst session in months. Every sector lower, the materials, banks and consumer stocks among the hardest hit. Of the laggards, Virgin Money UK (VUK) down 8.4% took the cake, while on the flip side, Resmed (RMD) gaining an unlikely 1.9%.
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