Weekly wrap: Australian media stocks continue a collective decline

June 10, 2022 10:55

Interest rates continue to rise as the overall price of Australian shares drops even lower this week. On Thursday, the ASX 200 sank significantly lower after a rough night on Wall Street. Read on for a wrap of this week’s Australian media, marketing, and advertising stocks.

Australian shares were already poised to open lower this morning amidst a drop of more than 1% in the AUD. Shares in media holding companies continue to decline, signifying a collective devaluation in the marketplace amidst climbing interest rates and poor performances across Wall Street on the Dow Jones and NASDAQ.

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Seja Al Zaidi

Seja Al Zaidi was Mumbrella’s finance reporter, spearheading the publication’s coverage on the financials of advertising, marketing and media sectors.

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