Market Update: The S&P/ASX200 fell 0.5% to 5,378 points as increasing jitters over Ukraine after Russia invaded the state over the weekend

Bell Potter

Stockbroker

Market Update: The S&P/ASX200 fell 0.5% to 5,378 points as increasing jitters over Ukraine after Russia invaded the state over the weekend. In addition, China's February Manufacturing PMI from HSBC Holdings PLC fell to 48.5. Resources led the decline with BHP dropping 2.8% and RIO falling 1.4%. Gold stocks were bucking the trend on safe haven buying together with the yellow metal rising 1.2%. Medusa Mining surged 10.1% and Resolute Mining jumped 9.1%. The banks were also in the red lower between 0.4% to 0.8%. The AUD bounced back above USD 0.89 to be trading at USD 0.8911 after the Chinese's February non-manufacturing PMI came in at 55.0, up from last reading of 53.4. The SPI was down 0.4% at 5,375 points on the Sydney Futures Exchange.


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Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

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