Money Why these 4 ASX shares started the week in the red

12:30  13 february  2018
12:30  13 february  2018 Source:   The Motley Fool

Everything's a sell in China after $828 billion equity rout

  Everything's a sell in China after $828 billion equity rout Investors got a stark reminder of how fast their bets can turn in China, where the most bullish trades are falling apart. The country’s currency was their latest favorite to succumb to a rout that has roiled financial markets around the world this week, losing as much as 1.2 percent on Thursday for the biggest decline since the aftermath of its 2015 shock devaluation. That follows a selloff in large caps and banks that has wiped out about $828 billion from the value of Chinese equities.Traders are running out of places to hide in a nation where market declines have a habit of snowballing.

Here’s why they have started the week in the red : The Australian Pharmaceutical Industries Ltd ( ASX : API) share price has fallen almost 4 % to .47 The pharmaceutical company’s shares have rallied strongly over the last couple of weeks on the back of no news. In light of this , I suspect that today’s

Here’s why they started the week in the red : The Blue Sky Alternative Investments Ltd ( ASX : BLA) share price has fallen 4 .5% to .95. Prior to today the investment company’s shares had doubled in value since this time last year.

Jennifer Hawkins attends the Myer 'Spring Social' Night Event at Bronte Surf Life Club.© Don Arnold/WireImage Jennifer Hawkins attends the Myer 'Spring Social' Night Event at Bronte Surf Life Club. In afternoon trade the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to start the week with a move lower. At the time of writing the benchmark index is down 0.3% to 5,820 points.

Four shares which have fallen more than most today are listed below. Here’s why they have started the week in the red:

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JB Hi Fi Ltd

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Markets may slow confidence in economy

  Markets may slow confidence in economy Economists expect the extreme volatility seen in financial markets in the past week will have dampened the mood of consumers. Australians started 2018 in a positive mood, hitting confidence levels not seen in five years and pointing to a potential win for retailers.However, the extreme volatility seen in global financial markets in the past week, which has wiped tens of billions of dollars off Australian shares, is likely to have curtailed such exuberance.The Westpac-Melbourne Institute consumer sentiment report for February, which is due on Wednesday, will have been surveyed over the weekend.

The Nextdc Ltd ( ASX :NXT) share price is one of four starting the week in the red . Here's why … Looking for a portfolio pick-up? Then don't miss out on these growth shares with the wind in their sails. Top 3 ASX Blue Chips To Buy In 2018.

The Qantas Airways Limited ( ASX :QAN) share price is one of four starting the week in the red . Here's why Prior to today Pushpay’s shares had more than tripled in value this year, which I believe means there’s a strong chance that today’s decline is related to profit taking.

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The Bendigo and Adelaide Bank Ltd(ASX: BEN) share price is down 2.5% to $10.94 following the release of its half-year results. Investors appear to be underwhelmed by the regional bank’s cash earnings per share of 46.8 cents. This was a 3.3% increase on the prior corresponding period. As well as this, the commencement of the Royal Commission today has weighed on the banking sector’s performance.

The JB Hi-Fi Limited (ASX: JBH) share price has tumbled 7.5% to $25.97 despite reporting a 25% increase in half-year earnings before interest and tax. Although its results came in slightly ahead of the market’s expectations, its outlook was weaker than expected after comparable store sales reversed during January. Harvey Norman Holdings Limited(ASX: HVN) shares are down 4% on the news.

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  Kim Kardashian and Kanye West’s Newborn Daughter Gets Personalized Gifts From the Chicago Bulls Kim shared the pics on her Instagram Stories.Kim Kardashian shared the photos on her Instagram Stories of the tiny Chicago jersey with a number one, a Bulls bib, and a Bulls sweatshirt.

Here’s why these four shares have started the week in the red : The Beadell Resources Ltd ( ASX : BDR) share price has fallen 4% to 18.7 cents following the release of its quarterly update.

Here’s why they have started the week in the red : The Bendigo and Adelaide Bank Ltd ( ASX : BEN) share price is down 2.5% to .94 following the release of its half-year results. Investors appear to be underwhelmed by the regional bank’s cash earnings per share of 46.8 cents. This was a 3.3

The Myer Holdings Ltd(ASX: MYR) share price has plunged 6.5% to 54.7 cents. Today’s decline could be related to a broker note out of Deutsche Bank which revealed that its analysts have downgraded the retailer’s shares to a sell rating with a 45 cents price target. The broker is concerned that its sales decline may not be easily fixed and that its balance sheet is looking especially pressured right now. I would heed Deutsche’s advice and stay clear of Myer’s shares.

The Regis Resources Limited(ASX: RRL) share price is down 4% to $3.86 after the gold price tumbled lower. Almost all of Australia’s gold miners are in the red today after the gold price extended its February decline to approximately 2%. It has started to recover over the last few hours, but I suspect that the prospect of rising interest rates will mean this rebound is short-lived.

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