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. 


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles