ASX 200 Drops 0.50% as Global Markets Retreat

The ASX 200 fell 0.50% to 8,796.7, trading lower as Bendigo investors weighed the latest moves across global markets.

How the major markets moved

On Wall Street, the S&P 500 fell 1.51% to 7,457.81, the Dow Jones fell 0.98% to 52,145.06 and the Nasdaq fell 2.81% to 25,530.88. Wall Street’s direction typically sets the tone for how Bendigo portfolios open next session.

Commodities and safe-haven demand

Gold rose 0.64% to US$4,011.2 an ounce and silver rose 0.54% to US$56.2, while WTI crude rose 3.12% to US$81.41 a barrel, a move that feeds through to petrol prices and local input costs.

Currencies and crypto

AUD/USD fell 0.34% to 0.7, shifting the maths for Bendigo importers, travellers and anyone with offshore holdings. Bitcoin rose 0.42% to US$64,057.38.

What it means locally

For Bendigo readers, the day’s moves flow through to superannuation and retirement balances, which are heavily exposed to both local and global equities, a reminder that a diversified portfolio rides out single-session swings better than a concentrated one.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.