The ASX 200 dipped slightly as Wesfarmers' decline weighed on consumer stocks. GQG Partners fell sharply following charges against Adani’s chairman.

ASX 200 ends flat; GQG tanks 19.3% on Adani charges

The Australian share market closed flat on Thursday, as mixed global earnings and local corporate developments weighed on investor sentiment.&nbsp;&nbsp;The S&amp;P/ASX 200 closed just 3.3 points lower at 8,323.&nbsp;Nine of 11 sectors fell, with consumer discretionary leading the losses as Wesfarmers shed 1.4%, after Jarden downgraded the retail conglomerate to a sell rating.&nbsp;&nbsp;GQG Partners experienced a sharp 19.3% decline after announcing a review of its substantial Adani Group holdings. This came in the wake of U.S. <a href="https://azzet.com/news/gautam-adani-indicted-over-us-250m-bribery-claims">federal charges</a> against Adani Chairman Gautam Adani, accusing him of facilitating a US$250 million bribery scheme.&nbsp;Overnight, U.S. markets presented a mixed picture. The Dow Jones Industrial Average rose 0.3%, the S&amp;P 500 remained flat after recovering early losses, and the Nasdaq slipped 0.1%.&nbsp;&nbsp;Nvidia, despite <a href="https://azzet.com/news/nvidia-reports-incredible-demand-as-q3-results-surge">surpassing</a> earnings forecasts, saw its stock dip in after-hours trading as investors appeared disappointed by results that didn’t match the explosive growth seen in previous quarters.&nbsp;Meanwhile, Bitcoin continued to surge past US$97,000, marking a significant milestone amid optimism about potential cryptocurrency-friendly policies following Donald Trump’s re-election.&nbsp;On the bond markets, 10-year and 2-year rates were at 4.583% and 4.12%, respectively.

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ASX 200 ends flat; GQG tanks 19.3% on Adani charges | Azzet™ - Where decisions are made