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ETF News: ASX 200 down, banks surge, CSL falls

The ASX 200 (ASX: XJO) is currently down slightly, though it was down around 1% at the open. It has recovered to be almost flat since early trading.

ASX banks surge

The big four ASX banks make up a major component of the index, so when they rise it makes a big difference for the share market.

At the time of writing, the Commonwealth Bank of Australia (ASX: CBA) share price is up 4.35%, the Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price is up 7.8%, the Westpac Banking Corp (ASX: WBC) share price is up 7.4% and the National Australia Bank Ltd. (ASX: NAB) share price is up 7.45%.

Today follows on from a strong day yesterday.

CSL (ASX: CSL) drops

The strengthening Australian dollar is not good news for businesses that earn in US dollars, such as CSL.

Right now the CSL share price is down by 5.7%, which is painful for the ASX 200 as it’s the biggest constituent.

Other news

Vitamin business Blackmores (ASX: BKL) announced a capital raising this morning to strengthen the balance sheet and to fund more growth into Asia. It’s currently in a trading halt.

Testing business ALS (ASX: ALQ) has reported its FY20 result, it recognised some sizeable impairments but the share price is up 3.4%.

After this week’s strong gains, the Afterpay (ASX: APT) share price has lost more than 5% after recently reporting it had reached 5 million active US customers.

The cheapest way to be invested across the entire ASX 200 is an ETF like the A200 ETF.

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

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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

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