ASX slips on banking sell-off
Snapping a two-day winning streak, Australian shares sank on Thursday.
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Snapping a two-day winning streak, Australian shares sank on Thursday.
Local shares rose on Wednesday, led by retail and bank stocks, after a positive lead from Wall Street.
The Australian market was quiet as investors waited for key US inflation data, which will provide fresh insight on where the Fed Reserve moves on rates.
The Australian sharemarket has seen the biggest one-day fall in a year, one day after setting a new 52-week high.
Buoyed by the financials sectors, the Australian sharemarket raced ahead to close out the week at an all-time high.
Buoyed by a bumper session for Australia’s largest retail bank, the benchmark set a record close on Thursday.
The benchmark eked out a 0.1 per cent gain on Wednesday after the financials sector rallied late in trading.
Shares slipped for a second straight session on Tuesday as consumer stocks weighed on the benchmark index.
Shares slipped on Monday as iron ore miners sank and fears intensified of a weaker-than-expected GDP reading in the final three months of 2024.
The local share market was off to a record breaking start in March, as fresh highs on Wall Street and positive manufacturing data from China bolstered the benchmark.
The ASX surged to a near record high on Thursday after soft inflation and retail data suggested an end to the RBA’s rate hiking cycle.
Despite fresh inflation data showing consumer prices held steady in January, the share market edged lower on Wednesday.
With profit season nearing its end, the share market advanced for a fourth straight session on Tuesday.
The Australian stock market continues to see positive results despite a drop in oil prices causing headaches for the energy sector.
A dramatic boom in US tech stocks overnight pushed the local share market higher on Friday.
An expected boom in US tech stocks was not enough to lift the ASX on Thursday.
The benchmark ASX 200 fell 0.74 per cent midweek, with a slump in mining stocks and ‘mixed results’ from supermarket giant Woolworths.
The Australian sharemarket didn’t change too much on Tuesday despite major upsets to several sectors, including mining and banking.
The Australian share market edged up slightly on Monday’s trading despite a dramatic fall in real estate stocks.
ASX has experienced its second day of gains, as the energy sector sees a boost following the changes in the core lithium and nickel industries.
The Australian sharemarket has lifted for the first time this week, as the tech sector benefits from a major takeover bid.
The Australian sharemarket has lifted for the first time this week, as the tech sector benefits from a major takeover bid.
Major banks are also being impacted by the cost of living pressures and the results are playing havoc with the Aussie sharemarket.
The Australian sharemarket fell again on Tuesday as it reacts to the half year results of companies.
The Australian sharemarket fell on Monday after biotech giant CSL dropped its plans to continue with a major drug trial.
It was a mixed day for the Australian sharemarket, which was down overall for the week.
The Australian sharemarket made gains on Thursday in sectors including technology, banking and utilities.
Gains in utilities and materials saw the Australian sharemarket climb on Wednesday as companies announced some big news.
Australian shares surged on Friday to reach a fresh record just two days after closing at a previous all-time high.
After climbing to a record high on Wednesday, the share market lost ground as US Federal reserve chair Jerome Powell warned rate cuts by March were “unlikely”.
Original URL: https://www.news.com.au/topics/asx/page/12