ASX falls on weak jobs data, US rate cut and scrapped Santos takeover | Finance Report | ABC NEWS
Australia’s unemployment rate remained steady at 4.2 per cent, despite a loss of 5,400 jobs in August.
Meanwhile, the Abu Dhabi National Oil Company has abandoned its $30 billion takeover bid for Santos.
Additionally, the US Federal Reserve has cut interest rates even in the face of rising inflation.
On the Australian Stock Exchange, the ASX 200 finished the day 0.8 per cent lower, as finance presenter David Chau explains.
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