ASX drops on banks and miners
Falling iron ore prices and profit taking on the major banks drove the ASX lower on Friday for the third straight trading day.
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Falling iron ore prices and profit taking on the major banks drove the ASX lower on Friday for the third straight trading day.
Comments from RBA governor Michele Bullock and weaker than expected quarterly earnings dropped the ASX on Thursday.
Investors buy up Australia’s major miners and energy producers after the US and Japan announced a trade deal, pushing up the ASX on Wednesday.
Surging iron ore prices helped the ASX 200 eke out a small gain on a mixed day for shareholders.
Australia’s sharemarket slumped on Monday with Australia’s big four banks hammered during the day’s trading.
A surge in the major miners and healthcare stocks drove the ASX to its best week since May, with the All Ordinaries passing the historic 9000 point mark.
Bullish traders pushed the ASX higher as traders banked on a rate cut in August following disappointing employment figures.
A $150m childcare company has kept quiet on its response to the Joshua Brown allegations, even as other centres flag major changes.
Australia’s sharemarket had its sharpest one-day sell-off since May, with the major miners slumping during Wednesday’s trading.
Australia’s sharemarket has fallen during trading on Monday as investors weigh up what Donald Trump’s latest tariffs will mean for local stocks.
A surge in mining stocks was not enough to drag the ASX 200 higher as every other sector slumped on the latest move by US President Donald Trump.
Huge tariffs flagged by US President Donald Trump on copper and pharmaceuticals added to the ASX woes during Wednesday’s trading.
The Australian sharemarket has closed flat despite a shock RBA announcement and US President Donald Trump penning letters to key trading partners.
Australia’s sharemarket slumped during trading on Monday as investors await two key pieces of economic news, including the RBA’s rate decision.
Australia’s sharemarket followed the US to a fresh record high, with markets climbing despite global economic concerns.
Market heavyweight BHP rallied more than 5 per cent during Thursday’s trading, but it was not enough to lift the local market as a banking sell-off dragged the index lower.
A jump in Chinese manufacturing and anticipation of a rate cut led to the Australian sharemarket closed at an all-time record.
The Aussie sharemarket has traded flat to start the new financial year, despite a strong lead-in from Wall Street.
The ASX 200 gained 10 per cent in the financial year after with healthcare and consumer discretionary stocks driving the market higher on Monday.
A major Aussie university and ASX-listed company will deploy psychedelic drugs to treat binge-eating in a world-first clinical trial.
One major Aussie bank has endured its worst day on the sharemarket in nine weeks after investors sold down major banks and moved into the mining sector.
Australia’s sharemarket slipped on a quiet day of trading as investors continue to weigh up the impacts of rising oil prices off the back of the Middle East conflict.
Banks have soared and the miners have fallen on a mixed day of trading on the Aussie sharemarket, as the market anticipates a third interest rate cut.
Australia’s sharemarket slid during Monday on fears the Middle East conflict could escalate but the falls were limited thanks to one banking juggernaut.
Alarm bells are ringing for a major ASX-listed fashion business as a brutal Trump slump and inflation shock smashes share prices.
Investors face a “nervous” week, with the ASX copping a $25bn loss on Monday morning as the fallout from the Middle East conflict sparks market chaos.
Australia’s shares slid for the fourth straight day with a fall in banks and miners dragging the index lower on Friday.
It was a mixed day on the markets on Thursday with CBA hitting a record high and BHP slumping with investors factoring in weak jobs data and the latest news out of Iran.
A slump in the price of iron ore and gold sent the ASX200 down on Wednesday, despite eight of the 11 sectors trading higher.
The Australian sharemarket was flat as concerns over the conflict in the Middle East continued to spook local investors, as Donald Trump issued a stark warning.
Original URL: https://www.news.com.au/topics/asx