Weekly wrap: Australian media stocks continue a collective decline
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.
