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Miners drag the ASX lower as SpaceX slips below IPO price

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The Australian sharemarket ended the week on a softer note, with the ASX 200 falling half a per cent on Friday as heavy losses among mining stocks dragged the market lower, leaving the benchmark down 0.1 per cent for the week. Meanwhile, in the United States, SpaceX shares slipped below their US$135 IPO price, leaving investors who bought at the float and held the stock sitting on a paper loss. Tony Sycamore, market analyst at IG Markets, joins the podcast to unpack the day's biggest market moves and what they mean for investors.


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By Ricardo Gonçalves

Source: SBS News


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The Australian sharemarket ended the week on a softer note, with the ASX 200 falling half a per cent on Friday as heavy losses among mining stocks dragged the market lower, leaving the benchmark down 0.1 per cent for the week. Meanwhile, in the United States, SpaceX shares slipped below their US$135 IPO price, leaving investors who bought at the float and held the stock sitting on a paper loss. Tony Sycamore, market analyst at IG Markets, joins the podcast to unpack the day's biggest market moves and what they mean for investors.


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