Australia's S&P/ASX 200 Ended Today's Session 0.15% Lower At 7,313.90
Portfolio Pulse from Benzinga Newsdesk
Australia's S&P/ASX 200 index closed 0.15% lower at 7,313.90, with the technology sector being the worst performer due to disappointing results from Wall Street’s tech giants. The AUD/USD was up 0.09% to 0.6785.
July 21, 2023 | 6:58 am
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NEGATIVE IMPACT
The iShares MSCI Australia ETF (EWA) may be impacted by the decline in the S&P/ASX 200 index, as it tracks the performance of the Australian market.
The iShares MSCI Australia ETF (EWA) is designed to track the performance of the Australian market. Therefore, a decline in the S&P/ASX 200 index, which is a benchmark for the Australian market, could negatively impact the ETF's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100