ASX gives back gains, CSL and miners drop

ASX gives back gains, CSL and miners drop

Investors have lost Monday's gains on the Australian share market following a mostly dour mood on Wall Street.

The market on Tuesday was down 0.84 per cent at 1200 AEST and there were big falls for healthcare, technology, mining and property shares.

Market giant CSL dropped 3.45 per cent to $295.68.

The heavyweight miners fell despite the iron ore price climbing overnight.

* Fortescue dropped more than four per cent to $15.11.

* Rio Tinto declined by more than two per cent to $98.36.

* BHP shed more than one per cent to $37.27.

In technology, financial software vendor Xero shed almost four per cent to $144.01.

The benchmark S&P/ASX200 index was lower by 62.4 points, or 0.84 per cent, to 7321.8.

The All Ordinaries was down 65.9 points, or 0.85 per cent, to 7624.8.

Wall Street markets were mostly weighed down by investors preferring value stocks to the technology giants.

Traders said there was a theme of economic reopening as stocks which were more sensitive to economic changes prospered.

Benchmark US Treasury yields rose to the benefit of rate-sensitive financials.

Investors will be looking ahead to US Federal Reserve chair Jerome Powell's appearance at a US senate hearing this week.

The central bank is expected to soon start easing the stimulus which helped the world's biggest economy through the pandemic.

In Australia, retail spending fell for a third month in a row in August.

Coronavirus lockdowns in some states caused retail turnover to fall by 1.7 per cent.

On the ASX, the big four banks were higher. The Commonwealth was best and gained more than one per cent.

Energy shares surged. Oil prices were higher for five consecutive days during overnight US trade, though have since eased.

Oil Search, Santos and Woodside shares were higher by more than four per cent.

Beach Energy shares were up 7.69 per cent to $1.33.

The company has agreed to supply liquefied natural gas to BP Singapore.

Beach will provide 3.75 million tonnes from the Waitsia gas project in Western Australia.

The price will be linked to Brent and Japan Korea Marker indices.

Origin Energy will invest a further $70 million in technology provider and renewables group Octopus Energy to maintain a 20 per cent stake.

A sustainable investment group has bought seven per cent of Octopus and tripled the latter's value to about $5.5 billion.

Origin last year took its first stake in Octopus, which has more than 5 million retail customers mostly in Europe.

Origin shares were up 3.32 per cent to $4.66.

Telix Pharmaceuticals received a $12.1 million tax refund for research.

Company leaders also expect to receive more tax rebates on overseas research following discussion with the Australian government.

Shares were down 1.52 per cent to $5.81.

Growthpoint Properties will invest more in industrial property.

Growthpoint will buy more than $50 million worth of stapled securities in industrial property trust APN Industria REIT.

The latter last week revealed plans for an equity raising.

Growthpoint shares were down two per cent to $4.14.

The Australian dollar was buying 72.79 US cents at 1200 AEST, higher from 72.77 US cents at Monday's close.

Internet Explorer Channel Network
News Related


Chinese Evergrande resumes construction on projects

China’s largest real estate developer has been in trouble for months because it lacks cash to meet interest obligations on its $300 billion debt. Last week, a last-minute interest payment ... Read more »

Hans Mulder winner Jan Wolkers Prize for best nature book

Hans Mulder, curator of natural history collections at the University of Amsterdam, is the winner of the ninth edition of the Jan Wolkers Prize for the best Dutch-language nature book. ... Read more »

Officer acquitted of JC's Geraldton shooting murder set for jobs talk with WA's top cop Chris Dawson

West Australian Police Commissioner Chris Dawson will talk to a constable about his future employment after he was acquitted of murdering an Indigenous woman. The officer was found not guilty ... Read more »

Focus on car in WA search for missing Cleo

A car spotted two hours after missing four-year-old Cleo Smith was last seen in her family's tent is being investigated. Detectives believe Cleo was taken from the tent at the ... Read more »

Job talks set for acquitted WA constable

West Australian Police Commissioner Chris Dawson will talk to a constable about his future employment after he was acquitted of murdering an Indigenous woman. The officer was found not guilty ... Read more »

Dan Andrews celebrates Freedom Day with his wife after putting Melbourne through record-breaking 262 days of lockdown misery… and he doesn't even 'get on the beers'!

Victoria's home orders lifted 11.59pm Thursday after record-breaking lockdownMr Andrews opted for more tame Freedom Day celebration on Friday morningThe Premier and his wife Catherine enjoyed white wine with a mother's groupBefore festivities, Premier wrote on Twitter how proud he was of Victorians       Read more »

Underworld figure is arrested by cops and two shotguns are seized after brazen double daylight assassination rocked Sydney

Member of Alameddine crime gang arrested after allegedly found with two gunsMan, 29, was arrested at a home near Parramatta and will face firearm chargesNot yet clear if charges are related to the shooting of father and son in Guildford Salim and Toufik Hamze, 18 and 64, ruthlessly executed in ute in front of home  Read more »

BREAKING NEWS: Fears for unvaccinated gym junkie Covid-infected Uber driver as top doctor reveals he is 'deteriorating' in Queensland hospital and is on high flow oxygen

Uber driver Duran Raman, 36, tested Covid positive on WednesdayDr Jeannette Young said on Friday Raman's condition had 'deteriorated' He was unvaccinated and had allegedly not used check-in codes for a month The entire Broadbeach resort where he lives has been listed as an exposure site No new community acquired cases were announced in the state on Friday  Read more »

Dan Andrews ends hotel quarantine in Melbourne for fully vaccinated international arrivals - following Dominic Perrottet's lead

State's Covid outbreak shown no sign of relenting as 2,189 new cases confirmed by Victorian health officials  Infections - which were slightly down from 2,232 infections recorded on Thursday - came from 77,036 testsThere are 784 people in hospital, of with 145 in intensive care - including 94 on a ventilator across Victoria State will scrap all quarantine for returned travellers from November 1, Premier Daniel Andrews announced Victoria officially lifted its stay-at-home orders at 11.59pm on Thursday after 70 per cent double dose rate hit  Read more »

Man and his elderly mother flee blazing house with their hair 'burned to skin' after enormous 'gas' blast rips through home and forces dozens of families to evacuate

Police and fire crews called to Nelson Avenue in Portsmouth at just before 2pm  Cosham, Portchester, Southsea, Havant and Emsworth firefighters are at sceneMotorists and pedestrians were being urged to avoid the area due to the smokeWitness said she saw elderly woman screaming in the street following explosion  Read more »

Wild scenes as Melburnians celebrate 'Freedom Friday' and the end of the world's LONGEST lockdown... amid speculation Dan Andrews is going to relax restrictions AGAIN today

Punters took to Melbourne CBD's pubs, restaurants and beauty salons to herald in 'Freedom Friday' Victoria's stay-at-home orders lifted at 11.59pm on Thursday after world record-breaking lockdown  Queues were seen outside bars, cars were hooning down main streets and revellers danced on the footpathA number of police were watching on as youths in particular did burnouts in their turbocharged carsState's surge in vaccination rates could see increases to indoor venue numbers made on Saturday  Read more »

Laundrie family lawyer reveals Brian was 'very upset' when he left home for the final time five weeks ago and ignored his dad's pleas to stay: Attorney refuses to talk about Gabby Petito after her fiancé's remains were identified

Brian Laundrie was upset when he left the Laundrie family home in North Port, Florida, on September 13, the family lawyer has revealed Steven Bertolino said that Brian Laundrie's father Chris asked him to stay, but was unable to prevent him leaving Bertolino on Thursday night told NBC News Now they were angry at the speculation that Chris and Roberta Laundrie may have planted evidenceBertolino also insisted that there was 'no truth' to the idea that the Laundries cooperated to secure immunity from prosecutionHe revealed that Chris and Roberta had 'conversations' about potential charges against them, but that charges 'were not appropriate'He added: 'There was no threat, there was no coercion, there were no deals' The attorney begged those outside the family home to leave 'even for one night' after four weeks camped in front of the propertyBertolino also spoke to NewsNationNow, losing his temper when asked whether it was strange that the body was found the day the family set out to look'The public doesn't understand simplicity or truth,' Berolino saidHe added that he thought it 'nonsensical' to speculate 'they had the remains of their son in a plastic bag and carried them to the reserve'  Read more »

Melburnians celebrate 'Freedom Friday' and the end of the city's world record-breaking lockdown with beverages and beauty treatments - as Dan Andrews flags more privileges when vaccination hits 80 per cent

Punters took to city's pubs, restaurants and beauty salons on 'Freedom Friday' Victoria's home orders lifted 11.59pm Thursday after record-breaking lockdown  Queues were seen outside bars and restaurants as Melburnians enjoy freedomA number of police were watching on as youths danced and did burnouts State's surge in vaccination rates could see increases to indoor venue numbersIncrease in visitors at homes once 80 per cent target is hit could also happen  Read more »

Police arrest 86 in Sydney-wide crackdown

Dozens of people have been arrested across Sydney's public transport network as part of the city's biggest police crackdown since stay-at-home orders were lifted. Officers targeting anti-social behaviour, violence and ... Read more »

BREAKING: Robert Durst, 78, is CHARGED with 1982 murder of his missing wife Kathie - just days after being sentenced to life in prison for killing his friend Susan Berman

Criminal complaint charging Robert Durst with second-degree murder was filed in suburban New York City on TuesdayDurst, 78, is accused of killing wife Kathleen 'Kathie' Durst, who vanished on January 31, 1982 Kathie's body was never found but she was declared legally dead in 2017; Durst divorced Kathie in 1990 citing abandonment Durst was sentenced last week to life in prison for the 2000 murder of his friend Susan Berman, who prosecutors say helped him cover up Kathie's killing Durst is in a California hospital on a ventilator after contracting COVID  Read more »

IVF genetic services added to Medicare

Australians using IVF testing to help prevent them passing serious genetic disorders to their child can soon claim a rebate on Medicare. Until now, people who know they are carriers ... Read more »

Kidvesting signals divide, says economist

If parents thought homeschooling, refereeing squabbles and feeding everyone snacks 15 times a day was enough to get their kids through lockdown, they may have thought wrong. Turns out, if ... Read more »

CPI key focus, markets toy with rate rise

The Reserve Bank of Australia is adamant the nation is not facing the same sort of inflation pressures being seen in other parts of the world and which has prompted ... Read more »

NSW unveils post-lockdown tourism campaign

The NSW government has unveiled a new tourism campaign to sell the state to domestic and international visitors as it reopens. Premier Dominic Perrottet and Tourism Minister Stuart Ayres on ... Read more »

Secondary schools in Elst want to gym indoors, but there is too little space

After the autumn holidays, the Lyceum Elst and the Westeraam in Elst will not have enough space to give gym lessons to the more than 1500 children from both schools. ... Read more »

Study ‘Effects of childcare' on pedagogical quality completed

Commissioned by the Ministry of Social Affairs and Employment (SZW), the ZonMw Quality of Childcare program has conducted a study entitled “Effects of childcare: do children benefit to varying degrees?” ... Read more »

The south of the Netherlands can also enjoy the autumn holidays

The autumn break starts this Friday in the south of the country. It will last until October 31. The holiday applies to Zeeland, Limburg, most of North Brabant and 22 ... Read more »

Dutch documentary ‘Why didn't you stay for me?' wins Student Oscar

The Dutch documentary Why didn’t you stay for me? has won a Student Academy Award, or a Student Oscar. It is the first time that a Dutch documentary has won ... Read more »

Milwaukee boy, 3, is found dead in alley four days after his mother was murdered and an Amber Alert was issued to try and track him down: Suspect in case shot himself dead three days after woman was murdered

The Milwaukee Police Department found missing Major Harris, 3, dead on Thursday after he was first reported missing on October 9His mother, Mallery Muenzenberger, who disappeared on October 5, was found dead last week with several gunshot woundsPolice have made several arrests, but one person of interest in the case, Jaheem Clark, killed himself on Sunday as police cornered him in his homeClark was also described as a suspect in Major's disappearance  Muenzenberger's family claimed she was a victim of domestic abuse Read more »

Qantas restarts more international fights

THE BIG QANTAS RESTART * Australia is preparing to reopen its international border to and from Sydney, NSW, for fully-vaccinated travellers from November 1. * Qantas and its low-cost carrier ... Read more »

BREAKING NEWS: CDC advisory committee unanimously recommends approval of Moderna and Johnson & Johnson booster doses as well as 'mix and match' of vaccines

The CDC's advisory committee unanimously recommended approval of Moderna and Johnson & Johnson booster doses on Thursday Members also approved of fully vaccinated Americans getting a booster dose different than their initial vaccine  Read more »

Maya Millete's 'murderer' husband choked her to the point of unconsciousness and acted increasingly strangely before her disappearance, friends claim

May Millete reportedly confided in a friend that her husband Larry Millete  choked her until she passed outPolice in Chula Vista, California, arrested Larry Millete for the murder of wife May, who was last seen alive on January 7 On the day of her disappearance May had written a post on Facebook asking for advice about a divorce lawyer, and her final call was to make an appointment  Larry was arrested on Tuesday morning at around 11am after officers and FBI agents swarmed family's homeOn Tuesday evening the DA said Larry used 'spell casters' to try and put a hex on Maya so she would be incapacitated in an accident and not leave him Larry Millete was named a person of interest in May's disappearance in July May's body has never been recovered and police say it could be hundreds of miles from the family homeLarry disappeared for 11 hours on January 8, without his cell phone, and switched his GPS on 2.5 hours from the house May's sister Maricris on Tuesday tearfully pleaded with Larry to tell them where he had left her body Larry could face the death penalty if convicted, the DA said on Tuesday afternoon  Read more »

BREAKING NEWS: Snapchat engineer, his wife and baby found dead on a remote California hiking trail were killed by hypothermia and possible dehydration

John Gerrish, his wife, Ellen Chung, their 1-year-old daughter, Miju, and their dog were found dead on a remote hiking trail in CaliforniaOn Thursday their cause of death was given as hypothermia and probable dehydrationThe temperatures were 99-103 degrees on August 17, when they were found deadTheir death had mystified police who quickly ruled out a number of causes of death including extreme heat, a lightning strike, and carbon monoxide Read more »

Human remains found in search for Brian Laundrie were BONES and it may take days to identify them: Police continue to search Florida swamp where fugitive was hiding after 'strangling' Gabby Petito

The remains found on Wednesday at Myakkahatchee Creek Park were bones and may take days to identifyThey were discovered in shrubs along with a notebook and a backpack that belonged to Brian LaundrieLaundrie, 23, is the sole suspect in the murder of his fiancee, Gabby Petito, who vanished in August in Utah Her strangled body was discovered in Wyoming on September 19 - six days after he went on the run in FloridaHe returned home without her from their epic cross-country van trip without telling her family where she was Laundrie went on a camping trip with his mother and father in Florida before running away himself They were present on Wednesday when the remains and backpack were found in the park They have been slammed for not speaking to the police, the media or to Gabby's family since the saga began  Read more »

BREAKING NEWS - All Democrats and 9 Republicans vote to hold Steve Bannon in CONTEMPT of Congress for defying January 6 subpoena: Biden's DOJ will now decide whether to criminally charge Trump adviser

The House voted 229-202 on Thursday to hold Steve Bannon in contempt of Congress for defying a subpoena to testify before the 1/6 committeeNine Republicans joined all 220 Democrats to vote in favor of the resolution Bannon argued that Donald Trump's lawyers instructed him not to testify on the grounds of executive privilege  The resolution will be sent to acting US Attorney for DC Channing Phillips to decide whether to bring charges against BannonAttorney General Merrick Garland would not commit during a Judiciary hearing Thursday to bring criminal contempt charges against Bannon Instead said the Justice Department will 'follow the facts'   Read more »

Cocaine, ketamine use on the rise: survey

Fewer Australians took ecstasy in 2021 but cocaine and ketamine use is on the rise, a new study indicates. The National Drug and Alcohol Research Centre at the University of ... Read more »

How to Like the Process of Writing Essays and Enjoy it

No one tends to associate the process of essay writing with “fun” or “enjoyable”. As students, we have been conditioned to think that essays are to be dreaded, which is ... Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic