ASX slumps; oil surges over $US100; Tesla and Alphabet tumble
By around 10.30am, the market had regained some composure, swinging back up.Rising oil prices and a slump for Alphabet and Tesla weighed down Wall Street. APBut seesawing, nervous trade is likely to rule the day given events in the Gulf and jitters in overseas markets. Three of the bourse’s 11 sectors stood ground: energy firms, banks and utility companies, while the rest fell away.
- ▪By around 10.30am, the market had regained some composure, swinging back up.Rising oil prices and a slump for Alphabet and Tesla weighed down Wall Street.
- ▪APBut seesawing, nervous trade is likely to rule the day given events in the Gulf and jitters in overseas markets.
- ▪Three of the bourse’s 11 sectors stood ground: energy firms, banks and utility companies, while the rest fell away.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.