ASX 200 live: Australia's relief in Trump's new tariff orders; ResMed in focus; SOL dividend up; Apple's iPhone surge
Australia gets baseline 10 per cent US reciprocal tariff. ResMed beats earnings forecasts. Major companies brace as pandora’s box on tax reform opens. Clock ticks for Star on $41m payout to HK partners, debt deal and costs after failed talks.
Welcome to the Trading Day blog for Friday, August 1. The ASX 200 index closed 0.9 per cent lower to 8662 points.
Wall Street's indexes ended in the red after tariff concerns outweighed strong earnings-driven tech gains. The S&P 500 index closed 0.4 per cent lower and the Dow Jones shed 0.7 per cent. The technology-focused Nasdaq gave up 7 points despite big gains by Meta and Microsoft. Apple and Amazon announced results after market closed.
Cryptocurrency giant bitcoin iswas near $US115,200 at 5pm AEST.
The Aussie dollar was trading around US64.33c.
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Originally published as ASX 200 live: Australia's relief in Trump's new tariff orders; ResMed in focus; SOL dividend up; Apple's iPhone surge
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