The ASX200 closed down around 1.9% at 7,950 points.
Q2 growth numbers came in at 0.2%, in line with consensus expectations.
All sectors fell, Materials and Energy both pulled back the most, down 3%, followed closely by Information Technology down 2.5%.
In Canada tonight, we get an interest rate decision from its Central Bank, elsewhere, all eyes will be on Wall Street after NVIDIA’s shock sell off.
The US will also release its regular jobs opening ‘JOLTS’ data at midnight Sydney time, sure to be closely watched by traders and banks.
In the Green
Aussie Broadband (ASX:ABB) closed up more than 5.8% after finalising the sale of its Superloop shareholding. The sale equates to around 12% of Superloop at a price of $1.66 per share.
Aussie says its focused on growing Buddy Telco, Symbio and driving new investment in Aussie Fibre.
Aussie Broadband unplugged for the day at $3.44.
In the intersection between energy and materials, Lithium Australia (ASX:LIT) ended the day 15% higher after inking a deal with Chinese EV giant BYD.
The deal to offtake and recycle all of BYD Australia’s expired EV batteries is expected to be a major boost to its revenues.
Lithium Australia finished the day at 2.3 cents
Contact Energy (ASX:CEN) bucked the trend and closed up 6.6%. The company finalised yesterday the details of it Dividend Reinvest plan. New shares will be issued under the plan at a 2% discount on the 27th September.
Contact Energy closed at $7.92.
In the Red
Liontown Resources (ASX:LTR) saw shares fall more than 6% as it told investors the first shipment of spodumene concentrate would leave Kathleen Valley later this month.
Liontown Resources closed at 61 cents.
Phoslock Environmental Technologies (ASX:PET) has appointed Graeme Newing as Chief Executive Officer. Mr Newing will also become a director of the company.
Phoslock Environmental Technologies closed at 2.5 cents.
Lotus Resources (ASX:LOT) has inked two offtake arrangements to proceed its Kayelekera uranium project in Malawi, Africa.
The company has signed a binding agreement with PSEG Nuclear for the sale of uranium.
Lotus Resources closed at 21 cents.