Author name: Jonathan Tacadena

Jonathan, with over 22 years of experience as an investment advisor, began in Futures in 2001, transitioned to Foreign Exchange, and has focused on Equities for over 15 years. He specializes in using derivatives like options to safeguard share portfolios and create additional income.

Closing Bell

Closing Bell 18th October: Telix rallies on plans for Nasdaq listing. XJO falls to end week

Australian shares extended losses into the early afternoon, as weak Chinese economic data weighed on market sentiment, hitting commodity stocks particularly hard. The S&P/ASX 200 dropped 0.9%, or 73.6 points, to 8282.3, retreating from the previous session’s record close of 8355.9. All sectors traded in the red, with Utilities leading the declines, driven by a 6% slump in APA Group after major shareholder Unisuper offloaded $500 million in shares.

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