ASX 200 fell 0.52% as global markets retreat

The ASX 200 fell 0.52% to 8,785.1, trading lower as Canberra investors weighed the latest moves across global markets.

How the major markets moved

On Wall Street, the S&P 500 fell 0.77% to 7,479.49, the Dow Jones fell 1.33% to 52,350.67 and the Nasdaq fell 1.11% to 25,830.68. Wall Street’s direction typically sets the tone for how Canberra portfolios open next session.

Commodities and safe-haven demand

Gold fell 1.18% to US$4,096.5 an ounce and silver fell 3.29% to US$58.93, while WTI crude rose 4.49% to US$73.6 a barrel, a move that feeds through to petrol prices and local input costs.

Currencies and crypto

AUD/USD fell 0.20% to 0.69, shifting the maths for Canberra importers, travellers and anyone with offshore holdings. Bitcoin fell 1.75% to US$62,191.69.

What it means locally

For Canberra readers, the day’s moves flow through to superannuation and retirement balances, which are heavily exposed to both local and global equities, a reminder that a diversified portfolio rides out single-session swings better than a concentrated one.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.