ASX 200 retreats sharply from record high as banks dive; resources gain
The ASX 200 index fell sharply from a record high as banks are hit by profit taking. Resources outperform. AMP hails super win in volatile market. South32 beats FY25 output guidance. Insignia's $3.4bn offer yet to materialise as talks continue.
That's all from the Trading Day blog for Monday, July 21. The ASX 200 index closed down 1 per cent at 8668.2 points, falling sharply from a record high as banks dive while resources rise.
Quarterly updates from Woodside, Fortescue also this week, alongside RBA's July monetary policy meeting minutes on Tuesday.
Wall Street ended its Friday session mixed, with the Dow Jones index off 0.3 per cent and the S&P and Nasdaq indexes both closing flat.
Cryptocurrency giant bitcoin is near $US118,300 as US President Donald Trump gets ready to sign the Genius Act, which outlines some ground rules for stablecoins.
The Aussie dollar is trading around US65.07c.
Originally published as ASX 200 retreats sharply from record high as banks dive; resources gain
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