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ASX hits new 10 year high then drops amid declines in bank stocks: Aus shares 0.2% lower at noon

10 Jul 2018 – After rising 0.3 per cent to a decade high of 6306 in early trade the local bourse has dropped amid sharp declines in banking stocks. The ASX is now tracking 0.2 per cent lower at noon. Investors are selling off financial, telco & consumer staples stocks. Skin care company BWX (ASX:BWX) has responded to media reports regarding legal proceedings filed against the company by Waterloo Capital Partners (WCP).

Source: Finance News Network

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