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ALL ORDINARIES Index (XJO) Down, Gold Miners Jump

Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 1.60% at lunch.

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 1.60% at lunch.

The major cause of this decline has been a further ramping up of the trade war tariffs. As a result, the share prices of gold miners are glittering, such as Resolute Mining Limited (ASX: RSG) which is up 14% and Saracen Mineral Holdings Limited (ASX: SAR) has gone up 13.5%.

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It has been a painful day for the shareholders of Boral Limited (ASX: BLD), its share price has dropped 17.5% after it reported its result to the market.

The IOOF Holdings Limited (ASX: IFL) share price is fallen 9% as investors reacted to the FY19 result.

Shares of Fortescue Metals Group Limited (ASX: FMG) have fallen more than 4% despite its very impressive FY19 report.

The share price of G8 Education Ltd (ASX: GEM) has declined by 15.3% with investors not happy with what it revealed today in its report.

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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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