Miners boost mixed ASX; Domino’s tanks
Profit warning prompts Domino’s downgrades. Delays at Fortescue project. Sayona falls on lithium mine review. Incitec lifts on capital return. ACCC supermarket inquiry announced.
Markets
ASX edges higher as miners rally
Buoyed by a rally in material stocks on Wednesday, the Australian share market edged higher to finish in the green.
ASX 200 finishes flat; Pilbara, lithium stocks rise
Nanosonics tumbles. Pilbara lifts as cuts capital spending. Miners and lithium stocks up. Kogan jumps on earnings beat. Rio’s $1bn solar power deal. Newmark up on BWP merger.
ASX books three-day winning streak
Buoyed by a rally in health care stocks and a positive lead from Wall Street, the local market climbed for a third straight session – its longest for the year.
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ASX closes up 0.4% on healthcare surge
ASX closes up 0.4 per cent. Healthcare stocks up 1.2% as a sector, Woodside lines up a Pluto stake sale, Elders and Incitec book profit.
‘Elements of wagering’: Country bans crypto
In a strange twist, 88 per cent of the population are banned from trading crypto but the remainder are free to do as they wish.
Experts baffled by massive Bitcoin plunge
The crypto has lost 10 per cent of its total value just days after hitting new records, and financial analysts can’t agree on the cause.
ASX snaps four-day losing streak
Materials and energy stocks lifted Australian shares to finish the week strongly following a run of sell-offs.
ASX 200 ends up 0.8% despite bond yields rise
Australia’s share market recovered strongly from Thursday’s fall on high US CPI data. The S&P/ASX 200 closed up 0.8 per cent to 7443.
ASX closes 0.6% down after big rebound
The ASX 200 recovered to close 0.6 per cent lower on strong iron ore futures. Miners gained led by Fortescue but Nearmap and Xero were among the worst hit.
‘Going to be horrible’: Inflation skyrockets
Inflation in the United States has reached its highest level in 31 years, with the price of food, petrol and housing rising sharply.
Bitcoin smashes new record … then dips
People have flocked to the cryptocurrency after a dire prognosis of the state of the US economy — but as always it was a rollercoaster ride.
ASX closes at four-day low on mining falls
ASX 200 closed down 0.1% after Singapore iron ore futures fell. Major miners BHP and Rio are in negative territory with steel giant BlueScope the worst hit. Chalice the top gainer.
Man retires at 35 after lucky investment
A supermarket worker can head comfortably into retirement at the ripe age of 35 after a lucky $8k investment made him more than $1.3m.
Original URL: https://www.dailytelegraph.com.au/business/markets/page/193