Companies on the Australian stock exchange are attractively valued, but investors need to look beyond the ASX’s big banks and miners for the best opportunities.
The bank posted a $2.7 billion quarterly profit, but its shares fell sharply on concerns economic headwinds and budget measures will stall lending growth.
Australia’s largest business lender, National Australia Bank , on Monday said it expects to incur credit impairment charges of A$706 million ($503 million) in the first half, as the Iran war roils the global economy and financial markets.
