Title: Australia stocks lower at close of trade; S&P/ASX 200 down 2.02%
Sep 01, 2022 03:45AM ET
Australian stocks fell after Thursday's close of trading as losses in the gold, metals, mining and materials sectors led stocks lower.
At the close of trading in Sydney, the S&P/ASX 200 index lost 2.02% to hit a new one-month low.
Within the S&P/ASX 200, A2 Milk Company Ltd was the best performer, rising 2.70%, or 0.15 points, to close at 5.70 points. Meanwhile, Perenti Global Ltd added 1.92%, or 0.02 points, to end at 0.80 and Polynovo Ltd rose 1.91%, or 0.03 points, to close trading at 1.34.
Pointsbet Holdings Ltd was the worst performer during the session, falling 15.86% or 0.46 points to close trading at 2.44 points. Ramelius Resources Ltd fell 9.26% or 0.08 points to close at 0.74, and Perseus Mining Ltd dropped 8.57% or 0.14 points to close at 1.44.
On the Sydney Stock Exchange, declining shares outnumbered rising ones by a ratio of 941 to 404, and 372 ended unchanged.
Shares of Ramelius Resources Ltd fell to a three-year low, losing 9.26%, or 0.08 points, to 0.74 points.
The S&P/ASX 200 VIX index, which measures the implied volatility of S&P/ASX 200 options, increased 5.00% to 15.91 points.
Gold futures for December delivery fell 0.56%, or 9.70%, to $1,716.50 a troy ounce. Elsewhere in commodities trading, the crude oil contract for October delivery fell 0.86%, or 0.77, to $88.78 per barrel, while the November Brent crude oil contract fell 0.79%, or 0.76, to trade at $94.88 per barrel.
The AUD/USD exchange rate remained unchanged at 0.68, while the AUD/JPY exchange rate rose 0.10% to 95.13.
Futures on the US dollar index rose 0.25% to 108.94.