ASX fades after tech-fuelled surge
Investors started strongly but clearly got the shakes during Monday’s ASX session, with the local market sliding into the close.
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Investors started strongly but clearly got the shakes during Monday’s ASX session, with the local market sliding into the close.
The Australian sharemarket has wrapped up its best week in more than a year, with local investors positive despite global tensions.
The Australian sharemarket bounced for a second straight session on Thursday as a number of pleasing factors whet traders’ appetites.
Large parts of the Australian Stock Exchange have been brought to a grinding halt after an unexpected four-hour outage.
Investors breathed a sigh of relief as inflationary pressures eased somewhat ahead of Thursday morning’s meeting of the US Fed.
The Australian sharemarket finished lower on Tuesday as the heavyweight mining and energy sectors copped a beating from plunging commodity prices.
Local investors have shrugged off geopolitical tensions and looming interest rate hikes in the US to boost the ASX 200 on Monday.
The Australian sharemarket sagged into the weekend as hopes of a ceasefire between Russia and Ukraine faded and central banks continued to wrestle with mounting inflationary pressures.
Global markets are soaring on new hopes a diplomatic solution can be found to end the bitter conflict between Russia and Ukraine.
Banking and tech shares shone on Wednesday during an unexpected relief rally that helped the Australian sharemarket halt a three-session slide.
The war in Ukraine continues to push energy prices higher, but instead of benefiting local miners, attention has now turned to the possibility of stalled economic growth.
Further gains for oil and iron ore on the ASX 200 and near-record coal prices fuelled a rollicking run for Australia’s resources sector.
Investors remain uncertain in the face of the Russia and Ukraine conflict but an associated spike in commodity prices helped Australia’s mining and energy sectors bounce on Wednesday.
Three things have combined to cause a volatile drop in this particular share market – but it could be a good opportunity for would-be investors.
Russia invading Ukraine caused utter carnage on the ASX yesterday, but the local market managed modest gains on the back of Wall Street’s ‘mother of all reversals’.
A wounded Australian sharemarket has followed Wall Street higher and recouped some of the billions that were shed on Thursday.
Russia launching a full-scale invasion of Ukraine, with explosions reported even as President Putin announced the military action, caused a bloodbath on the ASX.
The ASX put in a surprisingly decent performance given mounting tensions in eastern Europe, but experts say volatility and uncertainty is palpable.
The price of oil has surged as tensions boil over between Russia and Ukraine, with the United States announcing sanctions.
Increasingly worrying signs Russia is poised to invade Ukraine sent global sharemarkets lower, with the ASX no exception.
Experts have delivered their half-time profit season verdict, revealing many Aussie investors haven’t been handsomely rewarded by companies that beat expectations.
The ASX clawed back early losses on news of the summit, while A2 Milk and Woolies’ booze spin off were the highlights of the day’s torrent of profits reports.
A shock bid by Aussie billionaire Mike Cannon-Brookes to take control of an iconic Australian giant of the ASX has been knocked back.
One of the early investors in burger chain Grill’d has resigned as CEO of an ASX-listed firm after a disturbing video emerged as part of an alleged extortion plot.
The Australian sharemarket reached a four-week high on Thursday but faded into the afternoon amid renewed jitters over the situation in Ukraine.
Strong half-yearly earnings results and Russia saying it would withdraw some troops from Ukraine’s border sent the ASX firmly into the green.
The looming threat of Russia invading Ukraine has global financial markets on edge, with the ASX slipping after another negative lead from Wall Street.
Fears Russia is poised to invade Ukraine sent oil and gold prices higher, boosting Aussie producers of the commodities and lifting the ASX.
The ASX was a sea of red after Wall Street was hit hard by 40-year high inflation data, with just one local sector in the green.
An ‘outbreak of optimism’ in overseas markets and an impressive quarterly result by National Australia Bank helped push the ASX higher.
Original URL: https://www.news.com.au/topics/asx/page/21