Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is currently down 0.25% at lunch.
The Westpac Banking Corp (ASX: WBC) share price is down 0.83% in morning trade on unconfirmed reports that the bank has sent out letters to ‘risky’ property investors saying they have one month to find a new lender, according to the AFR. Other bank share prices are also lower with Australia and New Zealand Banking Group (ASX: ANZ) down by 0.88%.
The oil price continues to climb, providing a boost to oil businesses. The share price of Beach Energy Ltd (ASX: BPT) is up by 2.7% and Santos Ltd (ASX: STO) shares went up 2.1%. Conversely, Flight Centre Travel Group Ltd (ASX: FLT) has fallen 2.28% and Webjet Limited (ASX: WEB) is in the red by 5.2%.
The share price of rare earth miner Lynas Corporation Ltd (ASX: LYC) is down another 3% this morning after the company announced it could be facing a review of its Malaysian operations.
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