“As markets contemplate the drag of a global trade dispute, and the consequent more accommodative stance from central banks, bonds yields are trading near eighteen-month lows. The Japanese yen is another beneficiary, although gold is yet to join the party. Stocks are under pressure.”
Downer EDI lost 9.1 per cent to close at $7.16 after disclosing its joint venture partner at its Murra Warra Wind Farm, Senvion, filed self-administration proceedings in Germany. The company said it would be assessing whether there would be any potential financial impact.
Energy stocks were slightly weaker on Wednesday as the price of oil fell. Oil Search dropped 1 per cent to $7.15, Origin Energy slid 2.5 per cent to $7.50 and Santos closed 1.6 per cent lower…
Read the full article at: https://www.smh.com.au/business/markets/asx-weakens-as-investors-jump-ship-20190529-p51sda.html