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FPH - Fisher & Paykel Healthcare News Story

NZD33.46 -0.4  -1.3%

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Sector
Healthcare
Size
Large Cap
Market Cap £10.17bn
Enterprise Value £10.14bn
Revenue £834.4m
Position in Universe 30th / 1907

Australia shares end lower as rising COVID-19 cases stoke lockdown worries

Tue 22nd September, 2020 7:42am
* Mining stocks hit their lowest in more than 2 months
    * "Big Four" banks extend losses
    * RBNZ likely to keep interest rates at record lows -
Reuters poll

 (Updates to close)
    By Deepali Saxena
    Sept 22 (Reuters) - Australia shares closed weaker for a
fourth straight session on Tuesday as concerns about fresh
pandemic lockdowns across Europe sapped global risk appetite and
sent commodity prices lower.
    Mining stocks  .AXMM  led losses on the benchmark ASX 200
index  .AXJO , which fell 0.7% to end the session at its lowest
since June 15.
    Another COVID-19 wave in Europe has unsettled investors and
British Prime Minister Boris Johnson is considering a second
national lockdown, sparking worries about a deeper economic
slowdown.  urn:newsml:reuters.com:*:nS8N2DM083
    Oil prices plunged overnight and iron ore fell for a second
session as rising cases also stoked worries about global demand.
  O/R   IRONORE/ 
    Equity markets had been pricing in a decent recovery,
thinking that most countries were coming off lockdowns for good,
said Damian Rooney, director of equity sales at Argonaut.
    "I think that there are going to be some speed bumps ahead,"
Rooney added.
    Australia-listed shares of BHP Group  BHP.AX  fell the most
in nearly two weeks, while Rio Tinto  RIO.AX  and Fortescue
Metals  FMG.AX  slumped 2.4% and 2%, respectively.
    Global banking stocks continued to reel from reports citing
that several lenders transferred more than $2 trillion in
illicit funds despite red flags about the origins of the money.
 urn:newsml:reuters.com:*:nL2N2GH09C
    Australian lenders extended the decline, with National
Australia Bank dropping the most by 2.4%.
    New Zealand's NZX 50 index  .NZ50  snapped a three-day
losing streak to end 0.6% higher. 
    The central bank is likely to keep interest rates at a
record lows at its meeting on Wednesday, having lifted
restrictions across almost the entire country and signals that
the economic fallout may be milder than expected.  urn:newsml:reuters.com:*:nL3N2GI0OQ
    Medical device maker Fisher & Paykel Healthcare Corp
 FPH.NZ  and casino operator Skycity Entertainment  SKC.NZ  were
the top percentage gains on the benchmark, jumping more than 3%
each.

 (Reporting by Deepali Saxena in Bengaluru, Editing by Sherry
Jacob-Phillips)
 ((Deepali.Saxena@thomsonreuters.com; Twitter:
@deepalisaxenas;))
 
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