ASX slips for fifth straight session
The share market extended its losses on Thursday, as property, energy and material stocks dragged the benchmark lower.
Markets
ASX 200 closes down; APM, Liontown drop
The ASX 200 falls to a five-week low. Liontown dives. APM hits record low. Jobless rate remains 3.9 per cent. BHP flags nickel cuts, slashes coal guidance.
ASX 200 ends down on weak China data
ASX at fresh five-week low. China GDP up 5.2pc in 2023. Ecuador seeks $US209m from Worley. NAB sees rates on hold until November. Evolution Mining dives, Citi upgrades to a buy.
Major brands hit by credit card scam
Thousands of Australian shoppers have fallen victim to a major online scam, affecting major brands.
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ASX closes up 0.5% as CSR soars; Myer down on second strike
The ASX 200 finished up 0.5% at 7428 with heavyweight financials posting a solid rise, while investors poured into BetaShares’ Crypto ETF.
ASX closes up 0.9%; AMP, Orocobre big gainers
The ASX 200 closed 0.9 per cent higher on AMP’s strong gains and solid performances from miners. It was the market’s best session in four and a half weeks.
RBA scraps yield target, rates guidance; ASX falls 0.6%
The Reserve Bank has abandoned its target of 10 basis points for the April 2024 Australian Government bond and has also ditched its 2024 rates guidance. Shares closed 0.6% weaker after earlier hitting a two-week low.
ASX closes up 0.6% despite Westpac slump
Stocks closed up 0.6 per cent, driven by CSL, CBA, Wesfarmers and Telstra. AusNet backs $10.2bn Brookfield bid. Investors dump Westpac, despite $3.5bn buy back.
ASX closes down 1.4% as bond-linked stocks hit
The ASX has been dragged down 1.4 per cent by rising bond yields. Banks fell amid a $1.5bn capital raising by Macquarie. Bond yields rose as the RBA stayed out.
Packer has no objection to forced Crown stake sale
James Packer has told the WA inquiry into Crown Resorts he does not object to being made to sell down his 37 per cent stake in the business to below 5 per cent by September 2024.
ASX200 ends 6-day rise; Energy, Materials fall
Australia’s share market ended a six-day winning streak with a 0.3% fall. Weaker offshore equities and commodities weighed on the Energy and Materials sectors, while banks lent support.
ASX closes marginally up; A2M, Woolies hit
The Australian sharemarket closed only slightly higher on Wednesday, lifting 5.28 points to close at 7448.7 points. A2 Milk and Woolworths were sharp falls on the day.
WTO to investigate China’s wine tariffs
After Australia’s initial submission was knocked back earlier this year, the global trade referee will examine China’s anti-dumping tariffs on Aussie wine.
ASX ends flat but casinos gain
ASX 200 turned flat, closing just 2 points higher despite early gains. Crown was a top performer after holding on to its Melbourne casino licence, as was Star Entertainment.
Original URL: https://www.heraldsun.com.au/business/markets/page/195