MARKETS SPECTATOR: Sellers unleash some value

UBS strategist David Cassidy is cautious on the Australian market but says recent selling has seen some value return, with miners and retailers among the bargains.

The chief Australian strategist for UBS, David Cassidy, reckons the 4.9 per cent drop in the benchmark S&P/ASX200 Index since May 14 has “restored a bit of value” to the market.

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