- ASX is trading lower today and it is weighed down by major banks ANZ and NAB.
- Some of the key sectors in Australia are recovering now as housing market is recovering and construction sector is expanding for the first time in more than three years.
- The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (PCI) rose 6.8 points to 54.4 in October, rising above the 50-point level which separates expansion from contraction.The construction industry has been in contraction since 2010.
- Let's take a look at how regional stock markets are doing today:
- Nikkei: -0.5%
- Hang Seng: -0.6%
- Taiwan: -0.2%
- South Korea: -0.6%
- Singapore: +0.1%
- New Zealand: -0.1%
ASX Tips
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