ASX recoups more losses as tech shines
Technology and telecommunications shares helped fuel a Friday rise as the ASX 200 closed out a bruising week.
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Technology and telecommunications shares helped fuel a Friday rise as the ASX 200 closed out a bruising week.
Mining companies lifted the Australian sharemarket to its best session since early January as the appetite for equities got a major boost from Facebook parent Meta.
It’s all connected. Interest rates, inflation and discount rates move together. And that affects a lot of things, including the stock market.
Mining and energy sectors were under siege as the prospect of Covid-19 lockdowns extending across China sent shockwaves through the Australian sharemarket.
The Australian sharemarket was in free fall on Tuesday morning due to worrying news out of China, with some of our biggest companies hurting badly.
Miners and tech stocks pulled the Australian sharemarket down on its worst session since February after investors were spooked by anticipated rate hikes.
Australian investors have shrugged off a slump in tech and materials stocks to take the ASX 200 to its highest point of the year so far.
The Australian Stock Exchange came within a whisker of setting a new record on Wednesday before the mining sector dragged it down.
Mining and energy companies helped the Australian sharemarket continue its march towards record highs on the other side of the Easter break.
ASX travel names surged into the Easter break following a pleasing set of financial results for a US contemporary.
Energy and material stocks were strong on Wednesday as ASX investors were encouraged by higher commodity prices and “peak inflation” sentiment in the US.
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Technology, health and payment stocks were bloodied on Tuesday as inflation jitters sent ASX investors fleeing from growth names.
The Australian sharemarket faded throughout the day as unexpected Chinese inflation data and a Covid-related economic slowdown cast a shadow over regional indices.
Technology shares took another beating on Thursday as the prospect of steeper rate hikes home and abroad spooked investors.
The negative market momentum triggered by Tuesday’s RBA statement carried into a new session for ASX investors, with the local bourse having its worst day in three weeks.
A hawkish pivot from the Reserve Bank sent investors fleeing to the benches on Tuesday as the Australian sharemarket’s early progress melted away.
The Australian sharemarket started the week on the front foot, with a host of mining names performing strongly.
There’s fear and uncertainty in the market which means superannuation and non-superannuation investments have seen a sharp decline.
Friday heralded another narrow loss for the ASX 200, even as mining titans BHP, Rio Tinto and Fortescue Metals continued their meteoric rise.
The mining titans were strong on Thursday, but not strong enough to drag the Australian sharemarket to an eighth straight session of gains.
Tech stocks have rebounded as global investor sentiment shifts after a volatile month in which the Australian market has outperformed.
The Australian sharemarket hit new 11-week highs on Tuesday as investors salivated over the prospect of a market-friendly federal budget.
Another strong performance by the materials sector helped the ASX 200 avoid a tech sector drag on the eve of the federal budget.
Australia’s major stock exchange has flagged more problems for a key project that has already been beset with delays.
Australia is now standing alone in stalling a financial decision that could have dire consequences for the housing market as we know it.
Strong commodity prices have helped the Australian sharemarket dodge its “kryptonite” to secure a second week of gains.
The Australian sharemarket recorded a modest gain on Thursday after a commodity price surge powered gains for several energy and mining behemoths.
A surging technology sector and a solid performance by the major banks lifted the Australian sharemarket to fresh highs on Wednesday.
The Australian sharemarket powered to a gain of almost 1 per cent on Tuesday, hitting its highest level in two months, as mining and energy companies enjoyed a significant rise.
Original URL: https://www.news.com.au/topics/asx/page/20