Hang Seng Index, ASX 200, Nikkei Index: US Inflation and Tech Stocks
The ASX 200 tumbled 1.39% on Friday, ending the session at 7,575.91. News of BHP Group Ltd. (BHP) bidding for Anglo American contributed to the decline in BHP shares. Banking, oil, and tech stocks contributed to the losses. The S&P ASX All Technology Index (XTX) slid by 1.25%. Hotter-than-expected producer prices for March also impacted buyer demand for ASX 200-listed stocks.
ANZ Group Holdings Ltd. (ANZ) and Westpac Banking Corp. (WBC) saw losses of 1.93% and 1.91%, respectively. Commonwealth Bank of Australia (CBA) fell by 1.75%, while the National Australia Bank Ltd. (NAB) declined by 1.44%.
Woodside Energy Group Ltd (WDS) and Santos Ltd (STO) ended the session down 1.09% and 0.39%, respectively.
Mining stocks had a mixed session. BHP Group Ltd (BHP) tumbled 4.60%. However, Rio Tinto Ltd. (RIO) and Fortescue Metals Group Ltd. (FMG) rallied 1.14% and 3.35%, respectively.
Gold stocks Northern Star Resources Ltd. (NST) and Evolution Mining Ltd (EVN) saw gains of 1.48% and 2.02%, respectively.