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ALL ORDINARIES Index Down, Westpac (ASX:WBC) Share Price Drops

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 1.04% at lunch.
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Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 1.04% at lunch.

The Westpac Banking Corp (ASX: WBC) share price is down 1.75% after the major ASX bank reported its half year result showing a large drop in profit.

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The Bubs Australia Ltd (ASX: BUB) share price has exploded another 13.2% higher this morning after it announced it was launching a grass-fed range of infant formula.

Magellan Financial Group Ltd (ASX: MFG) shares are down 2.4% despite revealing an impressive funds under management (FUM) growth update for April 2019.

President Trump has sent shivers through the ASX after suggesting the US could implement higher tariffs on China. The Treasury Wine Estates Ltd (ASX: TWE) share price is down 3.3% and the Blackmores Limited (ASX: BKL) share price is down almost 2%.

The Bellamy’s Australia Ltd (ASX: BAL) share price is down 5% in reaction to both the Bubs news and the China-US trade war developments, it is currently one of the worst declines in the ASX 200.

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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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