Market Update: ASX flounders in the red

The Market Herald03-11

The ASX200 is trading down more than one and a half per cent at 7,719 points. All eleven sectors are in the red. Materials has dropped the most, down 2.3 per cent, followed by the Energy sector, down ...

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Materials has dropped the most, down 2.3 per cent, followed by the Energy sector, down ...</p>\n\n<a href=\"https://themarketonline.com.au/asx-flounders-in-the-red-2024-03-11/\">Source Link</a>\n\n</div>\n","source":"markerherald_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Update: ASX flounders in the red</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Update: ASX flounders in the red\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-11 12:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://themarketonline.com.au/asx-flounders-in-the-red-2024-03-11/><strong>The Market Herald</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The ASX200 is trading down more than one and a half per cent at 7,719 points.\nAll eleven sectors are in the red. Materials has dropped the most, down 2.3 per cent, followed by the Energy sector, down ...</p>\n\n<a href=\"https://themarketonline.com.au/asx-flounders-in-the-red-2024-03-11/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7055","symbol_name":"建筑与工程","start_time":0,"source_url":"https://themarketonline.com.au/asx-flounders-in-the-red-2024-03-11/","article_id":"2418089806","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2418089806","pubTimestamp":1710132000,"sourceInfo":{"source_id":"markerherald_stock","name":"The Market Herald"},"weMediaInfo":null,"summary":"The ASX200 is trading down more than one and a half per cent at7,719points.All eleven sectors are in the red. Materials has dropped the most, down 2.3per cent,followed by the Energy sector, downmore thantwo per cent.Thiscomeson the back ofUS marketsendingdown on FridaywithNvidia stocks dropping more thanfiveper cent. The US economy also added more jobs than expected.In this bulletinwe’ll discuss Worley,Mesoblast,Meridian Energy, Voltaic Resources and Delta Lithium.The facilityis set to be Europe’s largest renewable hydrogen production site andisexpected to produce 60,000 kilogramsof renewable hydrogen daily.It willreplacegrey hydrogen in Shell’s Rotterdam Energy and Chemicals Park.Mesoblast  has received FDA approval to accelerate its drugRevascorfor patients withChronic heart failure.MSB has been trading at 33.8 cents, a 7% jump in intraday trades.Australian retail investors are excluded but clients of joint lead managers ANZ, Craigs, Forsyth Barr, and Westpac can participate.Delta ha","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7055":"建筑与工程","BK7501":"新冠治疗股","WOR.AU":"WORLEY LTD","BK7108":"石油天然气设备与服务","XKO.AU":"标普/澳交所 300指数","BK7060":"新能源发电业者","BK7508":"医药生物股","BLA.AU":"Blue Sky Alternative Inv","BK7095":"多种金属与采矿","XAO.AU":"标普/澳交所 普通股指数","BK7142":"石油与天然气的勘探与生产","VSR.AU":"VOLTAIC STRATEGIC RESOURCES LTD","BK7067":"生物科技","XJO.AU":"标普/澳交所 200指数","MSB.AU":"MESOBLAST LTD","MEZ.AU":"MERIDIAN ENERGY LTD","DLI.AU":"Delta Lithium Ltd"},"translate_title":"市场最新消息：ASX陷入亏损","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WOR.AU":1,"VSR.AU":1,"MSB.AU":1,"MEZ.AU":1,"DLI.AU":1,"BLA.AU":1,"XKO.AU":0.9,"XJO.AU":0.9,"XAO.AU":0.9},"content_text":"The ASX200 is trading down more than one and a half per cent at 7,719 points.\nAll eleven sectors are in the red. Materials has dropped the most, down 2.3 per cent, followed by the Energy sector, down more than two per cent.\nThis comes on the back of US markets ending down on Friday with Nvidia stocks dropping more than five per cent. The US economy also added more jobs than expected.\nIn this bulletin we’ll discuss Worley, Mesoblast, Meridian Energy, Voltaic Resources and Delta Lithium.\nCompany News\nEnergy super-major Shell has awarded offshore engineering heavyweight Worley (ASX:WOR) a contract for services at the former’s Holland Hydrogen 1 facility in Rotterdam. \nWorley will handle design and construction of the facility, also tasked with integrating offshore wind assets to electrical grids. \nThe facility is set to be Europe’s largest renewable hydrogen production site and is expected to produce 60,000 kilograms of renewable hydrogen daily.\nIt will replace grey hydrogen in Shell’s Rotterdam Energy and Chemicals Park.\nWOR has been trading at $16.61.\nMesoblast (ASX:MSB) has received FDA approval to accelerate its drug Revascor for patients with Chronic heart failure.\nRevascor demonstrated reduced inflammation and lower mortality in patients with specific heart conditions.\nFDA feedback will inform Mesoblast’s plans to request a pre-Biologics License Application (BLA) meeting.\nMSB has been trading at 33.8 cents, a 7% jump in intraday trades. \nAustralia-New Zealand dual listee Meridian Energy (ASX: MEZ) is kicking off green bond sales to Ausralian institutional investors and New Zealand retail investors to raise up to $200 million to fund the development of renewable projects across the ditch.\nAustralian retail investors are excluded but clients of joint lead managers ANZ, Craigs, Forsyth Barr, and Westpac can participate. \nThe move comes ahead of Canberra’s first issuance of Australian green bonds expected for mid-2024. \nMEZ has been trading at $5.48. \nAnd, Voltaic Resources (ASX:VSR) and Delta Lithium (ASX:DLI) have teamed up on a $12 million deal to advance the Yinnetharra lithium project in Western Australia. \nDelta has the right to earn up to an 80% stake in the project over four years with only $3 million in spending required to earn 51%.\nVoltaic experienced a 15% surge to 2.3 cents, and Delta shares rose over 3% by 10.50 am.\nVSR has been trading at 2.2 cents.\nDLI has been trading at 32.5 cents.\nThat’s Market Update, we’ll see you later after Market Close","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2418089806"}