Weekly review: invasion worries send ASX 200 down for the day but not the week

Weekly review: invasion worries send ASX 200 down for the day but not the week

WEEKLY MARKET REPORT Global worries about a potential Russian invasion of Ukraine and a disappointing result from global insurance giant QBE managed to send the Australian share market down by 1% on Friday.

By the end of trade the ASX 200 had shed 1% or 74.5 points to 7221.7 points with all sectors closing lower, however the market still managed to record its third straight week of gains – although just 0.1% – as a reasonably positive profit reporting season acted as a buffer against greater falls.

Health stocks were some of the strongest for the week, buoyed by industry goliath CSL’s excellent profit performance. Tech sector very weak as Nasdaq plunges

On the other side of the coin the tech sector continued to be a source of weakness as the tech-laden Nasdaq continued to plunge, down 2.9%. Seek (ASX: SEK) shares closed down 4.9% lower while Afterpay owner Block (ASX: […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet