ASX 200 Closed Negative after Range Bound Trading Session

• The benchmark S&P/ASX 200 index closed negative after a range bound trading session posting a drop for the fourth straight day. The benchmark S&P/ASX 200 fell 19.4 points, or 0.4 per cent, to 5288.3, while the broader All Ordinaries lost 20.3 points, or 0.4 per cent, to 5284.3.

• Among the sectors, gold got smashed, chalking up a 5 per cent drop after the price of the precious metal slumped overnight. Materials fell 0.4 per cent, financials lost 0.4 per cent, while energy inched up 0.1 per cent.

• Regional markets are also going down after US Fed Reserve signalled that stimulus package might get a cut in coming months and a weak Chinese manufacturing data is also supporting this down trend:

• Japan (Nikkei): +1.4% (the exception, after the USD strenghtened)
• Hong Kong: -0.7%
• Shanghai: -1.05%
• Taiwan: -1.2%
• Korea: -1.5%
• ASX 200: -0.3%
• Singapore: -0.5%
• New Zealand: -0.45%

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