Local shares fell sharply today, snapping the upwards trend set by international markets on Friday.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.8% to 5388 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.9% to 5470 points
- AUD/USD at US 75.99 cents
- Iron Ore at US$57.28 a tonne, according to the Metal Bulletin
- Gold at US$1,253.17 an ounce
- Brent oil at US$51.88 a barrel
Some of the country's biggest shares led today's sell-off.
Crown Resorts Ltd (ASX: CWN) shares were hammered, falling 13.9% after a number of its staff were arrested in China late last week.
This has impacted the share prices of fellow entertainment businesses. Star Entertainment Group Ltd (ASX: SGR) fell 3.7%. SKYCITY Entertainment Group Limited-Ord (ASX: SKC) dropped 3.9%. And Donaco International Ltd (ASX: DNA) fell 4.7%.
Telecommunications giant Telstra Corporation Ltd (ASX: TLS) also fell 1%.
Energy shares mostly ended today's session in the red, as did the gold miners. Liquefied Natural Gas Ltd (ASX: LNG) and Santos Ltd (ASX: STO) were among the worst energy shares, falling 8.7% and 2.4%. Gold miners Regis Resources Limited (ASX: RRL) and Beadell Resources Ltd (ASX: BDR) fell 3.6% and 4.7%, respectively.
Small-cap Admedus Ltd (ASX: AHZ) rocketed 60% higher after it received FDA clearance to market its VascuCel product in the United States.
Fortescue Metals Group Limited (ASX: FMG) also rose 2.7%. Whitehaven Coal Ltd (ASX: WHC) rose another 3.5% and Computershare Limited (ASX: CPU) gained 2.8%.
Here are Monday's top stories:
- Why the Crown Resorts Limited share price is cratering today
- Are the 10 most shorted shares on the ASX in your portfolio?
- Hungry for Dividends? Then don't buy the banks
- Would Warren Buffett buy ARB Corporation Limited at today's price?
- Gambling stocks punished on ASX
- Here's why Admedus Ltd shares have rocketed 54% higher today
