Out of hibernation 🐻

The S&P/ASX 200 took a spill just after the witching hour and it was one-way trade after that. The index shed 0.7% for the session, in a day of broad based losses which saw 10 of 11 sectors finish lower. IT was the lone winner after the NASDAQ's overnight rally. Appen was the big mover of the day, climbing almost 30% before entering a trading halt as Telus International - a Canadian telco - lobbed out a $9.50 per share takeover offer. Endeavour shares made up the bottom of the table – dropping 6% following an investor day presentation which outlined a dip in sales and announced the resignation of its MD. On the data front, CAPEX for the March quarter contracted by 0.3%, adding to the list of weak GDP partials heading into next week’s national accounts. The AUD/USD slid into the mid 70s during the day. Futures markets are pointing to a mixed night’s trade. Eyes will be on the tech space again after Nvidia’s disappointing guidance this morning.Our top three VODs:The Aussie miner you must own (and why)Dont 'just browse' with these two retail stocksMarkets up for a fight, but the bears will win Hosted on Acast. See acast.com/privacy for more information.