Media companies shares hammered on the ASX

Chris Pash
By Chris Pash | 6 August 2019
 

Shares in media companies took a beating on the ASX, caught up in widespread selling as global markets reacted to an escalating US-China trade war.

WPP AUNZ fell as much as 12%. A short time ago it was at 60 cents, down 8.4%.

Nine dropped 3.5% to $1.837, Seven West media 4.7% to $0.40, and News Corp 2.7% to $18.88.

Among other players, Ooh!Media was down 4% to $4.205, Swift Media 8.3% to $0.22, QMS 4.8% to $0.875, and Village Roadshow 3.4% to $2.395.

Wall Street fell overnight with the Dow Jones index losing 767 points or 2.9%. The S&P500 fell 3% and the tech-heavy Nasdaq 3.5%.

On the Australian market, the ASX200 was at 6,493.00, down 147.30 points or 2.22%

wpp aunz share price aug 6 2019

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