Miners drag ASX to worst day since May
Australia’s sharemarket had its sharpest one-day sell-off since May, with the major miners slumping during Wednesday’s trading.
Markets
Banks drive ASX 200’s biggest fall since May; Iluka, Nuix, DroneShield up
Rio down on weak day for miners as investors digest mixed June quarter report, CEO update. G8 selloff continues on fresh alleged Vic offender update. DroneShield soars to another record high. Boost for Gina Rinehart’s US, Aussie rare earths bets.
Aussie shares crack fresh record high
The Australian sharemarket lifted to a fresh record high on Tuesday as investors followed gains on Wall St.
Rio Tinto taps Simon Trott as CEO
Mining giant Rio Tinto has appointed Simon Trott as its new chief executive, following the surprise resignation of Jakob Stausholm in May.
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Fresh tariff jitters offsets strength in miners
Lynas, Iluka rocket as US peer scores rare earths deal with Pentagon. JLG boss and major shareholder’s big windfall in Pacific Equity Partners’ $1bn buyout. National Storage’s buy-up of Abacus continues. Property sector sinks as Macquarie downgrades on ‘expensive’ valuations.
Aussie shares lift on iron ore rally
A Wall St rally and a lift in the big iron ore miners has buoyed the Australian sharemarket on Thursday.
ASX 200 tracks new record on Trump tariff updates
Heavyweight banks and miners and property stocks lead gains. Breville’s price target slashed on tariff risks. US President Donald Trump singles out Brazil, sends more tariff letters.
Fresh warning bell for Aussie economy
A fresh warning bell is ringing for the Aussie economy, with one analyst saying the country has entered a “flat patch”.
Big bank’s warning on rate hold shock
Australia’s biggest bank has delivered a sharp warning about the Reserve Bank’s shock decision to hold interest rates and what it means for Aussie households.
Property stocks feel RBA hold pain; Lifestyle Communities smashed
Goodman leads real estate falls over RBA’s surprise decision. Lifestyle Communities’ worst day in years after VCAT decision. Trump’s copper tariff threat hits ASX-listed Canadian miner Sandfire.
ASX flat after RBA keeps rates on hold
In a major surprise, the Reserve Bank has kept rates on hold amid global uncertainty and lower inflation. PM flags taxpayers will ‘very soon’ underwrite a major bailout of two failing metal smelters in two states.
ASX in red as Trump’s next tariff move looms
Star, HK partners vary divestment deal. Northern Star dives on weak guidance, high capex. Origin’s spike may be linked to Octopus UK updates. RBA’s 25 basis points easing on Tuesday locked in. Crucial week for Trump tariffs.
Original URL: https://www.couriermail.com.au/business/markets/page/3