Market Close 06 July 23: Worst day in two weeks

Stevie and Laura are back for the Thursday market close update. It was another day of losses for the ASX 200, with tech being the only sector seeing minor gains. This was after concerns around the state of China’s recovery after questions around its ability to repay its property debt emerged today. BHP was the worst performer today and dragged the market after a rise in iron ore prices and fund manager Magellan fell 8% after recording $2b in outflows in June.

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