The local share market fell sharply today, following the lead set by international markets overnight. This was likely associated, at least in part, by growing geopolitical tensions surrounding the situation with North Korea.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 1.2% to 5693 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 1.2% to 5743 points
- AUD/USD at US 78.50 cents
- Iron Ore at US$76.68 a tonne, according to the Metal Bulletin
- Gold at US$1,285.82 an ounce
- Brent oil at US$51.41 a barrel
The Baby Bunting Group Ltd (ASX: BBN) share price was slammed 18% today after the retailer released its full-year results. Although the business reported 17.4% growth in sales and comparable store sales growth of 6.9% last year, it said comparable store growth was down 4% so far in the new financial year.
Similarly, the REA Group Limited (ASX: REA) share price dropped 6% following its own full-year results announcement. The company said: "For the full year, the target is for revenue growth to exceed the growth of expenditure, excluding the impact of Financial Services. Some quarters may not reflect this overall target."
And National Australia Bank Ltd. (ASX: NAB) shares fell 1% after the company released its third-quarter trading results.
The gold miners were among the market's top performers on an otherwise painful day for investors. Northern Star Resources Ltd. (ASX: NST) shares gained 2.7% and Newcrest Mining Limited (ASX: NCM) jumped 2.1%.
