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Investors warning against 'buying the dip' in market downturn as ASX drops 10pc for the year

Investors warning against ‘buying the dip’ in market downturn as ASX drops 10pc for the year

“Buying the dip” is no longer an easy way for inexperienced traders to make a quick buck on the stock market, a seasoned stockbroker has warned. Key points: The best performing ASX sectors in the past year were utilities (+29pc) and energy (+27pc) Every other sector fell, including tech (-39pc) and consumer discretionary (-24pc) Lithium, …

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Turkish lira starts week with gains on banking watchdog's new steps

Turkish lira starts week with gains on banking watchdog’s new steps

Turkey’s lira kept gaining strength against foreign currencies on Monday following the Turkish banking watchdog’s decision late Friday that limits commercial loans for companies with a certain amount of foreign currency. The US dollar/Turkish lira exchange rate dropped to 16.5870 as of 10 am local time (7 am GMT), from 17.3700 at the previous close. …

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A man and woman, with their baby in a pram, looking at the ASX stock market boards in Sydney.

ASX rallies as financials, miners advance; Imugene soars while gold stocks tumble

Australian shares jumped in a broad-based rally, with heavyweight financials leading the gains as investors shrugged off recession fears amid looming rate hikes, while strong iron ore prices boosted miners. Key points: ASX 200 has plummeted by 11.6 per cent since the year began The Dow Jones index rose 2.7pc to 31,501, the S&P 500 …

ASX rallies as financials, miners advance; Imugene soars while gold stocks tumble Read More »