ASX retreats as supermarkets wobble
The Australian sharemarket more than surrendered its gains from the previous session as a host of blue-chip firms slipped into the red.
World Markets
Major bank backs bitcoin over real estate
In a major move, a US investment bank has told clients cryptocurrency has taken over real estate as its preferred alternative asset.
ASX shakes tech blues to move higher
The local sharemarket moved higher on Wednesday, even after technology stocks had another shocker.
Bitcoin to lose 70 per cent of its value
It’s been a horror few weeks for cryptocurrency – and now the two biggest blockchains are set to shed as much as 70 per cent of their current value.
Tesla stocks plummet almost 50 per cent
Tesla has lost half a trillion dollars as its founder Elon Musk has become embroiled in controversy, including a $350,000 sexual harassment pay-off.
Global fears keep ASX flat after Labor win
Mining and energy companies gained but there were losses for the local banks, health care firms and supermarkets in the first ASX session under an Albanese government.
Crypto boss not a billionaire anymore
A man who was barely out of his teens when he invented one of the most popular cryptocurrencies has revealed he’s lost half his fortune.
Crypto tipped for correction of ‘over 90%’
Billionaire Bill Gates has declared cryptocurrencies have “no valuable output” as analysts predict more “destruction” in the market.
ASX dives after Wall Street bloodbath
The Australian sharemarket did little to recover after it shed billions of dollars on Thursday morning, with retail stocks in a tailspin.
Crypto to lose 80 per cent of its value
It’s been a horror week for cryptocurrency investors and the outlook just got more dire.
‘More pain’: Atlassian stocks plunge 60%
Atlassian and other technology companies have already endured months of pain on the share market, but experts warn there is more to come.
Elon Musk’s savage message to CEO
In classic Elon Musk fashion, the tech billionaire has raised eyebrows after sending a single emoji to the current CEO of Twitter.
‘I lost $650k and my house in crypto crash’
One crypto enthusiast has lost a whopping $650,000 while another is seriously in debt after taking out a $430,000 loan to buy the coin.
Tipping point behind crypto ‘death spiral’
Cryptocurrency is officially in panic mode, after a staggering $200 billion was lost in just 24 hours. But what really caused the crash?
‘Evil genius plot’ behind crypto crash
The cryptocurrency market has had billions in value wiped off it after an epic fail and now the accusations are flying that something sinister went down.
‘Watch it burn’: Crypto wiped in horror crash
Crypto investors panicked on Thursday as the value of cryptocurrencies including bitcoin plunged, with some saying they would lose their homes as a result.
Tech stocks smashed as ASX dives again
The technology sector was a sea of red after worrying data spooked investors and sent the sharemarket to a five-month low.
Afterpay owner savaged in tech bloodbath
A worrying sharemarket sell-off resumed on Thursday in the wake of concerning US data, with one particular tech stock savaged.
Apple’s crushing $10 billion blow
The tech juggernaut is no longer the world’s most valuable company, after being toppled by a Saudi Arabian oil giant.
Mining giants help ASX stem the bleed
Gains for the major miners helped the Australian sharemarket avoid a fourth straight loss and consolidate its position above the 7000 level.
Commodity calamity whacks ASX lower
The ASX tumbled again amid fears Chinese Covid-19 lockdowns and rate hikes will hurt global growth, with mining and energy companies particularly affected.
Bitcoin bounces after huge plummet
The price of bitcoin, ethereum and other cryptocurrencies continues to plummet and it’s likely to get even worse. Here’s why.
Aussie shares drop as trade begins
Australian shares have dropped in early trading, after a shocking day on world stock markets, as fears over China’s Covid lockdowns added to the rout.
ASX tumbles amid China lockdown fears
The Australian sharemarket slumped again as worries over tightening Chinese Covid restrictions added to an already bleak mood for equities.
Miserable session for ASX investors
The Australian sharemarket had its worst day since Russia invaded Ukraine back in February, capping a miserable week for investors.
Market losses hit $60b as ASX traders panic
The Australian sharemarket suffered a brutal opening blow on Friday with very few companies unscathed in the dramatic plunge.
Bitcoin loses $140m in minutes
Bitcoin has fallen off a cliff and wiped off all its previous gains as the rest of the market also suffers.
Bitcoin shocks with surprise rally
Everyone was expecting the cryptocurrency to keep plunging but some unexpected news caused it to soar in value instead.
Bitcoin plunges after billionaire’s sledge
Bitcoin’s price has plummeted in the past 24 hours after one of the richest men in the world called it less than worthless.
ASX drifts lower as world awaits US Fed hike
Volumes were subdued as ASX investors waited for Wednesday night’s meeting of the US Fed and an expected 50 basis-point rate hike.
Original URL: https://www.news.com.au/finance/markets/world-markets/page/19