Unhappy New Year - Market rout on China slowdown

The first day of the new financial year started with a selling spree among banks and miners as Chinese economic data disappoints investors.

The Australian stock market extended losses to more than 2 per cent in late trade on a rout in banking stocks after the release of more official data pointing to a slowdown in Chinese growth coupled with a negative lead from Wall Street. 

At 1525 AEST, the benchmark S&P/ASX200 index tumbled 2.08 per cent to 4,702.7 points, while the broader All Ordinaries index lost 1.95 per cent to 4,682.4 points.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : '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

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

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
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles