Evening Wrap: ASX 200 smashed on growth fears, uranium stocks obliterated on Kazatomprom news, nowhere to hide (except gold)

No doubt you’re aware of just how lousy things were on the Aussie stock market today , so I won’t delay you from an explanation of how lousy, who lousy, and where lousy from here…�

Let’s dive in! Markets

XJO Intraday Chart 02 August 2024 ASX 200 Session Chart

The S&P/ASX 200 ( XJO ) finished 171.5 points lower at 7,943.2, 2.59% from its session high and just 0.29% from its low. In the broader-based S&P/ASX 300 ( XKO ), advancers lagged decliners by an almost unanimous 30 to 242.For the week, the XJO finished down 21.9 points or 0.28% lower, a painful 2.59% from its intraweek high of 8148.7 and 0.62% from its intraweek low.All 11 of the major ASX sectors were down today, and apart from the typically defensive Utilities ( XUJ ) (-0.06%), the damage started at down 1.3% and tanked steadily from there.Defence was the name […]

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