Nuclear out in $122b grid power planThe energy market operator has dismissed Peter Dutton’s argument that nuclear is the best replacement for coal-fired power, instead calling for another $3.4 billion
Australia's red day saw the country harmonising with most of its counterparts in the Asian region as the ASX200 closed 0.1% down. Heading towards close, the Japanese Nikkei was down -0.23% while the Hong Kong Hang Seng index was up +2.3%.
The ASX200 has fallen 0.3 per cent, with losses for uranium producers and gains for goldminers, as investors await the outcome of the RBA's two-day meeting.
The ASX200 is up three quarters of a per cent. The Energy sector spurred early gains, driven by Strike Energy (ASX:STX), which is up more than 6 per cent on its update to net gas pay, (ASX:DYL) joins the ASX200 tomorrow and Hancock Prospecting now holds 7.5% of Vulcan Energy Resources (ASX:VUL).
The S&P/ASX200 (ASX:XJO) was dragged lower by the materials sector, one of the 10 sectors finishing in the red, as a 4 per cent fall in iron ore prices dragged it down 2.7 per cent.
The ASX200 closed the day down about a per cent – with nearly all sectors in the red – as the market awaits Australia’s interest rates decision tomorrow.
The ASX200 spent the day hovering above and below the 7,000 level, eventually finishing just under it, while the Australian dollar hit a three-month high.