Australian Stock Report - Market Pulse
Midday Market Analysis: Struggling Early
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Publish date: Fri, 18 Nov 2011, 02:12 PM
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Welcome to MarketPulse, the Australian Stock Report's financial market blog. In the MarketPulse blog we aim to provide frequent updates on current events across the financial markets, including market wraps, articles in the news, opinions, reviews, financial education and finally our top tip of the week. The blog is published by the Australian Stock Report research and report editing team together with our very own "Passionate Trader", Carl Capolingua.
The Aussie market is enduring a tough session so far today, with the XJO currently down 70 points (-1.6%), at 4190.
The losses are widespread, with every sector in the red.
Material and financial plays are the hardest hit, whilst telcos and utilities are the best of a bad bunch.
Big losers on the day include Platinum Australia (PLA) which is down another 12% after yesterday's rout, whilst Gindalbie (GBG) is off 9% and Iluka (ILU) is 7% weaker.
Around the region, Asian markets are all weaker; the Hang Seng is down 2% whilst the Nikkei is off 1.3%.
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