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The ASX 200 is set to open lower as global shares reset lower in tech-led rout.

ASX rises; tech, data centres slump on DeepSeek fears

AI, tech stocks tumble. Goodman, Di Pilla’s DigiCo drop on DeepSeek fears. Fortescue snaps up Red Hawk. Newmont offloads gold mine. Bitcoin plunges.

  • 33 mins ago
  • Timothy Moore and Nicola Blackburn
Gage Roads is the flagship beer brand at Good Drinks Australia - which spurned the ASX and voluntarily delisted.

The beer company that quit the ASX and never looked back

Australia’s fourth-largest beer group, Good Drinks Australia, chose to delist after it felt the sharemarket wasn’t giving it a good deal.

  • Simon Evans
Elon Musk has questioned the narrative around the rise of DeepSeek.

Elon Musk accuses China’s DeepSeek of lying about its AI prowess

The emergence of a competitor to American artificial intelligence giants has rattled investors, and sent Nvidia shares sinking 17 per cent overnight.

  • Updated
  • Paul Smith
A reality check for the high-flying growth stock.

Nvidia erases $1 trillion in value in DeepSeek rout

The chipmaker, the poster child of the AI frenzy, sank 18 per cent in the biggest market-cap loss for a single stock in history.

  • Updated
  • Carmen Reinicke and Cagan Koc

Yesterday

The DeepSeek app.

China AI hopeful DeepSeek rocks Wall Street’s magnificent seven

Investors say the latest AI model released by China’s equivalent to OpenAI has the potential to disrupt the United States’ grip on generative AI technology.

  • Joanne Tran, Amelia McGuire and Paul Smith
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The AI revolution is just beginning, according to Bank of America.

This is how the magnificent seven’s bubble could burst

AI will reshape markets and economies in the next five years, according to Bank of America. But today’s tech giants might not be the biggest winners.

  • James Thomson

This Month

The previous session’s rally in New York lost momentum, pointing to a muted start for local shares.

ASX up, miners seesaw on Trump tariff comments; $A at five-week high

Shares close higher, $A rallies on Trump comments; Morgan Stanley upgrades AMP; Synlait ups H2 guidance; Wesfarmers upgraded, rallies; storm batters Rio port.

  • Updated
  • Nicola Blackburn
November 7, 2024, was our largest share trading day by value ever.

Why Millennials are going all-in on US stocks and ETFs

Nearly 70 per cent of total trading volume on our platform this month to date was in American equities, which is double the same period last year.

  • Demetria Chelepy
Local share futures are pointing to a modest opening loss as of 5am AEDT.

ASX falls as miners weigh; Myer soars 6pc on merger vote; gold rallies

Shares close lower; QLD in “fiscal deterioration”; ASX may face regulatory action; China to shore up stocks; Praemium flows soar; Myer jumps 6pc.

  • Updated
  • Nicola Blackburn
Australia’s big banks exemplify the concentration of ownership by big investors such as super funds and index funds.

A fund did the unthinkable and cut its CBA stake. Time to follow suit?

Australian Foundation Investment Company says the “extreme” valuation of the bank left it little choice but to take some profit. But our super giants aren’t stepping back.

  • James Thomson
ASX CEO Helen Lofthouse: this once globally admired exchange operator is spending $700 million to upgrade its CHESS system, a system that originally cost $44 million.

ASX Limited fiddles with DEI while market shrinks

Something is rotten at the bourse’s headquarters with senior leadership in distraction and denial.

  • Dimitri Burshtein and Peter Swan
Local shares are set to open higher.

ASX lifts as tech rallies, WiseTech up 2pc; Trump talks China tariffs

Shares close higher; tech, gold gets Trump boost; Aussie slips on tariff threats; Woodside’s green exit; Bubs shares surge; Regal AUM jumps.

  • Updated
  • Nicola Blackburn
A few stock pickers managed to beat the crypto mania in 2024.

The Australian investors who hit the jackpot in 2024

Triple-digit returns abounded for cryptocurrency strategies, but one stock picking veteran managed to outpace the bitcoin bros and take the crown.

  • Updated
  • Joshua Peach
Fund managers say a robust iron ore price in 2025 could potentially lead to higher returns for income investors with mining stocks.

Investors bank on iron ore saving dividends in 2025

An unexpectedly strong start for the steel-making commodity has raised hopes that the major miners will provide a larger source of income for investors in 2025.

  • Joanne Tran
LHC Capital’s Stephen Aboud and Marcus Hughes.

Hedge fund LHC profits from troubled US property fund; touts Life360

The Sydney-based boutique hedge fund is backing names like Life360 and TechnologyOne while selling out of Cettire and SiteMinder.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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President-elect Donald Trump (left), will be inaugurated as the 47th US president on Tuesday morning (AEDT).

ASX to rise as traders welcome Trump’s return. $A hangs in the balance

The local sharemarket is optimistic, despite concerns Trump’s first acts as president could spell trouble. Wall Street ruled off its best week since the US election.

  • Updated
  • Joshua Peach
ASX chief executive Helen Lofthouse.

ASX needs to plug $1bn liquidity hole

Helen Lofthouse, CEO of the equities market operator, will start the year with another apology for the embarrassing pre-Christmas outage, but that’s the least of her problems.

  • Tony Boyd
“AI-infused companies will continue to be strong, and that includes Salesforce, ServiceNow, GitLab, DataDog and Nutanix,” says Alex Pollak.

17 stock picks from three top-performing fundies

Three Australian fund managers who delivered annualised double-digit returns over the past 10 years share their views on what’s next for listed markets.

  • Updated
  • Lucy Dean
Donald Trump’s return to the White House is expected to usher in a new period of volatility for markets.

Australia’s huge Wall Street bet hinges on Trump 2.0

The enormous amount of cash Australian investors have poured into already expensive US stocks faces its biggest test as Donald Trump returns to the White House next week.

  • Alex Gluyas
Involvement in competitive sports like Tennis is a plus for new traders who have spent years learning to win and lose.

What traders can learn from elite tennis players

Discipline, emotional control and resilience are all skills that professional tennis players epitomise, and skills any aspiring day trader will need to master.

  • Will Bennett

Original URL: https://www.afr.com/topic/sharemarket-61t