Back to value on the ASX

A sharp 5% pullback has returned the ASX to value levels. Here's what happened and where opportunities are emerging.

Summary: Australian equities have fallen to their lowest point since March as the US dollar surges, causing a fall in the Australian dollar that spooks foreign investors. The slide in the iron ore price is also weighing on the market. The drop is a boon for investors as value has returned to the market.

Key take-out: It’s a good time to go shopping and top up or recalibrate your portfolio as Australian equities are trading at a discount. Banks in particular offer value at these levels. 

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