This year. We're going Beyond.

ETF news: China puts a downer on the ASX 200

The ASX 200 (ASX: XJO) news has been dominated by China this week. At the time of writing the ASX 200 is down around 1%.

China News

There has been several Chinese related things for the ASX this week. We learned today that China has abandoned its GDP target because of the global economic climate. China is putting a lot of pressure on Australia because of the support for an independent COVID-19 inquiry. Barley is already being targeted and iron ore, coal and beef are also supposedly being looked at by China.

It’s why the BHP (ASX: BHP) share price was down 0.6% today, the Rio Tinto (ASX: RIO) share price fell 2% and the Fortescue (ASX: FMG) share price dropped 0.15%.

Afterpay’s (ASX: APT) growth

The Afterpay share price managed to hit a new record by rising by $44 this week after announcing that it had reached 5 million active US customers.

More than one million new US customers have started using Afterpay during the COVID-19 period of the last 10 weeks.

In April 2020 Afterpay US had more than 15 million app and site visits and Afterpay’s US shop directory contributed almost 10 million lead referrals to its retail partners.

Aristocrat Leisure (ASX: ALL) reports

Gambling business announce its result this week. Aristocrat Leisure reported that operating revenue rose by 7% to $2.25 billion in the six months to March 2020.

Normalised EBITDA (which excludes significant items) fell by 7.7% to $707.6 million and the EBITDA margin dropped from 36.4% a year ago to 31.4%.

Normalised net profit after tax (NPAT) dropped 14.2% to $305.9 million and  reported profit after tax rose 277.2% to $1.3 billion (including recognition of a $1 billion tax asset) compared to last year’s net profit of $346 million.

Disclosure: Jaz does not own shares of any of the shares mentioned at the time of writing.

From 200+ ETFs in Australia, our top investment analyst has just identified his #1 ETF for 2021 and beyond.

Low fees? Check.

Long-term growth potential? Check.

Regular cash returns? Check!

This ETF makes investing in ETFs "Super-Easy".

Simply click here or enter your email address below to access the full ETF report, ticker code, and step-by-step investment guide. Our expert's #1 ETF report is completely free.

No gimmicks, no payment, no credit card info. Just enter your email address below and we'll send you the report right away.

From 200+ ETFs in Australia, our top investment analyst has just identified his #1 ETF for 2021 and beyond.

Low fees? Check.

Long-term growth potential? Check.

Regular cash returns? Check!

This ETF makes investing in ETFs "Super-Easy".

Simply click here to access the full ETF report, ticker code, and step-by-step investment guide. Our expert's #1 ETF report is completely free.

No gimmicks, no payment, no credit card info. Just click the link below and enter your email address. We'll send you the report right away.

CLICK HERE TO GET THE REPORT

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Keep reading:

General Financial Advice warning
The information on this website is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read our Terms & Conditions and Financial Services Guide before using this website.

© Rask Australia 2020

Join 20,000+ smart investors

Join the Rask Australia mailing and we’ll send you free investment reports, podcasts, expert insights, investing courses, ASX news and lots, lots more. All free. 

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian-owned.

feedback-icon

What can we do better? Please give us us some feedback :)

We care about your experience, please let us know if you have any suggestions to improve our site.