{"id":6424,"date":"2023-09-22T11:12:30","date_gmt":"2023-09-22T03:12:30","guid":{"rendered":"https:\/\/www.umtradings.com\/?p=4861"},"modified":"2023-09-22T11:12:30","modified_gmt":"2023-09-22T03:12:30","slug":"asx-200-index-hit-a-6-month-low-on-deteriorating-pmi-2","status":"publish","type":"post","link":"https:\/\/www.umtradings.com\/fr\/asx-200-index-hit-a-6-month-low-on-deteriorating-pmi-2\/","title":{"rendered":"Decoding the ASX 200 Index Plunge: A Hierarchical Analysis"},"content":{"rendered":"<div class=\"wp-block-post-date has-text-color has-black-color has-medium-font-size\"><a href=\"https:\/\/www.umtradings.com\/fr\/asx-200-index-hit-a-6-month-low-on-deteriorating-pmi-2\/\"><time datetime=\"2023-09-22T11:12:30+00:00\">September 22, 2023<\/time><\/a><\/div>\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h1 class=\"wp-block-heading has-black-color has-text-color\"><strong>Main Point: ASX 200 Index&#8217;s Recent Decline<\/strong><\/h1>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">The ASX 200 Index tumbled 1.3% to below 7,000 on Sep. 22, hitting its lowest levels in six months and tracking losses on Wall Street overnight as the US Federal Reserve\u2019s hawkish pause continued to weigh on investor sentiment. <\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">The benchmark index is also on track to lose nearly 5% this week for its second consecutive weekly decline. Domestically, investors digested data showing Australia\u2019s manufacturing activity contracted further in September, while services activity turned expansionary. <\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Impact on Key Sectors<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Commodity-linked stocks led the decline with sharp losses from BHP Group (-2%), Rio Tinto (-2.3%), Fortescue Metals (-2.2%), Woodside Energy (-0.9%) and Newcrest Mining (-0.9%). Heavyweight financial, technology, and consumer-related firms slumped as well.\u00a0<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"690\" height=\"527\" src=\"https:\/\/www.umtradings.com\/fr\/wp-content\/uploads\/sites\/15\/2023\/09\/1-17.png\" alt=\"\" class=\"wp-image-4864\" srcset=\"https:\/\/www.umtradings.com\/fr\/wp-content\/uploads\/sites\/15\/2023\/09\/1-17.png 690w, https:\/\/www.umtradings.com\/fr\/wp-content\/uploads\/sites\/15\/2023\/09\/1-17-300x229.png 300w\" sizes=\"auto, (max-width: 690px) 100vw, 690px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center has-small-font-size wp-block-paragraph\"><em>(ASX 200 Index daily chart)&nbsp;<\/em><\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The Judo Bank Flash Australia Manufacturing PMI<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">The Judo Bank Flash Australia Manufacturing PMI fell to 48.2 in September 2023, from 49.6 in the previous month, flash estimates showed. It pointed to the lowest reading in 4 months, indicating continued deteriorating business conditions across the sector.<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Inflation and Pricing Strategies<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">A sharper fall in new orders led to manufacturing output shrinking for a tenth straight month in September. Consequently, firms reduced their purchasing activity and inventory holdings. <\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">That said, employment levels rose with some manufacturers still facing a shortage of labor to support ongoing operations. Staffing constraints also led to a marginal lengthening of lead times. <\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Input cost inflation eased amid the drop in purchasing activity, while firms also raised their own selling prices at a slower rate.\u00a0<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"690\" height=\"405\" src=\"https:\/\/www.umtradings.com\/fr\/wp-content\/uploads\/sites\/15\/2023\/09\/2-16.png\" alt=\"\" class=\"wp-image-4865\" srcset=\"https:\/\/www.umtradings.com\/fr\/wp-content\/uploads\/sites\/15\/2023\/09\/2-16.png 690w, https:\/\/www.umtradings.com\/fr\/wp-content\/uploads\/sites\/15\/2023\/09\/2-16-300x176.png 300w\" sizes=\"auto, (max-width: 690px) 100vw, 690px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center has-small-font-size wp-block-paragraph\"><em>(Judo Bank Australia Manufacturing PMI, S&amp;P Global)&nbsp;<\/em><\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Implications and Conclusion<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">In conclusion, the ASX 200 Index&#8217;s recent nosedive results from a complex interplay of domestic and international factors. <\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">The US Federal Reserve&#8217;s hawkish stance, along with domestic issues, especially the manufacturing sector&#8217;s contraction, has deepened economic uncertainties. <\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">While challenges persist, businesses have demonstrated resilience in adapting to the evolving landscape.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">In this volatile market, comprehending the intricacies of the ASX 200 Index&#8217;s journey is vital for investors and analysts alike.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"has-small-font-size wp-block-paragraph\"><strong><em>Disclaimer\u00a0\u00a0<\/em><\/strong><\/p>\n\n\n\n<p class=\"has-small-font-size wp-block-paragraph\"><em>Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Main Point: ASX 200 Index&#8217;s Recent Decline The ASX 200 Index tumbled 1.3% to below 7,000 on Sep. 22, hitting its lowest levels in six months and tracking losses on Wall Street overnight as the US Federal Reserve\u2019s hawkish pause continued to weigh on investor sentiment. The benchmark index is also on track to lose [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":4946,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[20,21],"tags":[33],"class_list":["post-6424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market_news","category-latest","tag-asx-200"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/posts\/6424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/comments?post=6424"}],"version-history":[{"count":0,"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/posts\/6424\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/media?parent=6424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/categories?post=6424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/tags?post=6424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}