Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 1.17% at lunch.
Commonwealth Bank of Australia (ASX: CBA) shares are down 1.5% this morning with many of Australia’s largest banks also down, such as Australia and New Zealand Banking Group (ASX: ANZ) which has fallen 1.8%.
Wesfarmers Ltd (ASX: WES) shares are down 0.11% after the business reported Coles’ quarterly sales update.
The share price of ERM Power Ltd (ASX: EPW) is up 2.3% after announcing the $38 million sale of its US operations Source Power & Gas to Direct Energy Business LLC.
The ASX 200 business that is up the most at lunch is Speedcast International Ltd (ASX: SDA), its share price is up 5%.
However, there is a lot of red at the negative end of the ASX. Media business Seven West Media Ltd (ASX: SWM) is down 5.6%, construction materials business CSR Limited (ASX: CSR) is down 5.7% and property portal company Domain Holdings Australia Ltd (ASX: DHG) is down over 4%.
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