The ASX (Australian Stock Exchange Limited) was formed in 1987, is the largest exchange in Australia and is one of the top exchanges in the world with a market capitalization of about 1.2 trillion US dollars. Some of the companies traded on the ASX include, Qantas Airways, Rio Tinto and the Westfield Corporation.
The S&P/ASX 200 is an index that benchmark’s the ASX. It is based on the 200 largest ASX listed stocks, but Standard and Poors usually balance the index every quarter
The big four banks, the major miners and the energy sector have all dragged Australian shares lower,
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