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美股期指跌,锂铁等金属股跌,引起澳股大跌。亚洲方面,港股大跌3+%,恒大再跌十几%,预示中国地产股,地产要爆雷。
https://themarketherald.com.au/a ... worsens-2021-09-20/
Aussie shares plumbed two-month lows as a deepening mining sell-off drove the index down more than 2 per cent.
The S&P/ASX 200 hit its low mid-session, down 152 points or 2.06 per cent. The fall pushed the index under 7300 for the first time since July 21.
Mining giants BHP, Rio Tinto and Fortescue Metals sank to multi-month lows. Uranium stocks logged heavy declines. Takeover action involving electricity infrastructure and hotels offered the morning's best returns.
What's driving the market
The materials sector slumped almost 5 per cent to its weakest since December in the wake of Friday falls in iron ore and most metals. Fortescue Metals, arguably the purest of the major iron ore plays, dropped 6.78 per cent to a 14-month low, mirroring Friday's retreat in ore prices. The spot ore price tanked almost 22 per cent last week.
"Blue skies policy ahead of Chinese holidays (mid-Autumn this week and National Day in October), as well as ahead of the Winter Olympics in early February has added to growth fears and rising steel inventories," NAB Director, Economics, Tapas Strickland, said.
"The delta outbreak in Fujian province is also ongoing with 45 new cases on Saturday. In this light commodity prices were generally lower on Friday... Of note, iron ore futures traded below $100/tonne on Friday for the first time since July last year."
BHP and Rio Tinto have many more strings to their bows than ore, but fell to fresh 2021 lows. BHP shed 5.06 per cent. Rio Tinto dropped 5.36 per cent.
The morning's ten biggest losers on the ASX 200 were all connected to demand for materials. Declines ranged from 5.81 per cent for Perseus Mining up to 13.7 per cent for Champion Iron. Lynas Rare Earths fell 11.27 per cent, Nickel Mines 8.07 per cent and Mineral Resources 8.06 per cent.
Takeover action involving AusNet and ALE Group cushioned the market from a deeper loss (more below). Utilities, real estate investment trusts and other defensive assets weathered the sell-off best.
Wall Street paved the way to today's falls with a third straight losing week. The Dow dropped 0.48 per cent on Friday. The S&P 500 and Nasdaq both gave up 0.91 per cent.
Deteriorating US futures added to the down-pressure. S&P 500 futures wilted 30 points or almost 0.7 per cent.
The falls came as an ongoing collapse in China's second-largest property developers wreaked havoc in Asia. Hong Kong's Hang Seng fell 3.34 per cent as shares in Evergrande (恒大) dropped 14 per cent. The Asia Dow shed 1.21 per cent. Markets in mainland China and Japan were closed for holidays.
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