Investors sold off tech shares in favour of traditional stocks on the back of inflation fears and one ASX share leapt 60% on takeover news.
The post Queensland plans to open, and a good day for banks and miners. Scott Phillips on Nine’s Late News appeared first on The Motley Fool Australia. –
Motley Fool Australia Chief Investment Officer Scott Phillips joined Nine’s Late News on Monday night to discuss the economic impact of Queensland’s border announcement, plus the market’s response to inflation worries, a big takeover, and what we could expect from the US market overnight.
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Motley Fool contributor Scott Phillips has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO, Hub24 Ltd, WiseTech Global, and Xero. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO, Class Limited, WiseTech Global, and Xero. The Motley Fool Australia has recommended Hub24 Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.