What Happened in Stock Markets This Week
After the market closed on Wednesday, Australian equities fell as a result of declines in the Metals & Mining, Materials, and Utilities sectors.
The S&P/ASX 200 dropped 1.56% at the Sydney market close, setting a new low for the month. The S&P/ASX 200’s Washington H Soul Pattinson&Co Ltd (ASX:SOL), which increased by 4.96% or 1.28 points to settle at 27.10, was the best-performing stock of the day. In the meanwhile, Whitehaven Coal Ltd (ASX: WHC) increased by 3.82% or 0.33 points to 8.96 in the late session, and Viva Energy Group Ltd (ASX:VEA) gained 4.56% or 0.12 points to close at 2.75.
Nuix Ltd (ASX: NXL), which lost the most throughout the session—7.59% or 0.06 points—to close at 0.67, was the poorest performance. Champion Iron Ltd (ASX:CIA) dropped 5.56% or 0.30 points to 5.10, while Zip Co Ltd (ASX:ZIP) dropped 5.81% or 0.05 points to close at 0.73. On the Sydney Stock Exchange, declining equities exceeded rising ones by 920 to 387, while 395 finished unchanged.
What Is Happening in Asian Markets?
After the market closed on Wednesday, Japanese equities fell as a result of losses in the shipbuilding, real estate, and power sectors.
The Nikkei 225 fell 1.36% in the Tokyo market close to reaching a new low for the current month. Kobe Steel, Ltd. (TYO:5406) was up 1.86% or 12.00 points to 658.00 in late trade, and Kawasaki Kisen Kaisha, Ltd. (TYO:9107) increased by 2.17% or 160.00 points to close at 7,540.00.
On the Tokyo Stock Exchange, declining equities outweighed rising ones by 2732 to 801, while 244 closed unchanged. The implied volatility of Nikkei 225 options is measured by the Nikkei Volatility, which increased 1.09% to 21.25. To reach $86.28 per barrel, crude oil for November delivery increased by 2.79% or 2.34. Brent oil for delivery in November increased by 2.68% or 2.43 to trade at $93.05 per barrel, and the December Gold Futures contract increased by 0.49% or 8.25 to touch $1,679.35 per troy ounce.
