Australia's S&P/ASX 200 Slipped 0.20% Ending Today's Session At 7,283.80
Portfolio Pulse from Benzinga Newsdesk
Australia's S&P/ASX 200 index fell by 0.20% to end the session at 7,283.80, with seven out of 11 industry sectors finishing in the red. The industrial sector was among the worst performers. The AUD/USD was up 0.13% to 0.6824. Shares of Lendlease fell 4.9% to $8.13 after the company announced plans to cut about 10% of its workforce.
July 18, 2023 | 7:00 am
News sentiment analysis
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NEGATIVE IMPACT
The iShares MSCI Australia ETF (EWA) could be impacted by the overall decline in the S&P/ASX 200 index and the specific drop in Lendlease shares.
The iShares MSCI Australia ETF (EWA) tracks the performance of the Australian market, and thus, a decline in the S&P/ASX 200 index could negatively impact the ETF. Additionally, the drop in Lendlease shares, a component of the Australian market, could also contribute to a potential decline in EWA.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80