Bucking the downward trend, the Afterpay Touch Group Ltd (ASX: APT) share price has jumped 13.3% this morning after Goldman Sachs rated the buy now, pay later company a buy.
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International news is causing some investors to be turned off the fast growing, internationally-focused, high-priced shares like Pro Medicus Limited (ASX: PME) which is down over 5% and the Magellan Financial Group Ltd (ASX: MFG) share price is down 4.5%.
Dairy giant Fonterra Shareholders’ Fund (ASX: FSF) has seen its share price rise 0.3% after announcing it could reduce debt by $1 billion after some asset sales.
Gold miners are having a bit of a resurgence as investors worry about global problems, the Evolution Mining Ltd (ASX: EVN) share price is up around 2%.
At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.