ASX 200 drops after major wipeout on Wall Street following weak jobs data
The index dropped 0.25 per cent after about 90 minutes on Monday.
Dan Murphy's owner Endeavour Group jumped 3.7 per cent after it was revealed the company's executive chairman Ari Mervis left the company over disagreements with the board.
BlueScope has fallen about one per cent as the company has entered into a consortium with several international parties to potentially purchase the Whyalla steelworks.
Meanwhile, buy-now-pay-later company Zip Co is down 3.7 per cent, aluminium producer Alcoa Corporation has sunk 4.7 per cent and financial services company Block has dropped 4.4 per cent.
The ASX's movement follows news that about 73,000 jobs were added during July in the United States, below the 100,000 expected by economists.
This sparked concerns amongst investors who remain on alert for data showing Donald Trump's trade policies are stalling the economy.
Wall Street sank on Friday with the Nasdaq sliding 2.2 per cent, the Dow Jones falling 1.2 per cent and the S&P 500 shedding 1.6 per cent.
London's FTSE 250 sank 1.2 per cent, Germany's DAX dived 2.7 per cent and the STOXX Europe 600 dived 1.9 per cent on Friday.
New Zealand's NZX 50 is flat since trading began on Monday while Japan's Nikkei 225 has dived 2.2 per cent.
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The Age
40 minutes ago
- The Age
Lindian triples rare earths mining area at huge Malawi project
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40 minutes ago
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