ASX lifts as travel stocks keep flying
The ASX climbed well into the green, thanks to higher commodity prices boosting miners, while travel stocks continued to surge.
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The ASX climbed well into the green, thanks to higher commodity prices boosting miners, while travel stocks continued to surge.
The ASX eased slightly, but news double vaccinated travellers will be allowed into Australia on February 21 sent the sector soaring.
The ASX surprised on the upside despite heavy losses on US markets overnight, with the highest oil prices in eight years boosting energy stocks.
The tech sector dragged the ASX lower after Facebook’s owner delivered a disappointing result after Wall Street closed, but Nufarm was a stellar performer locally.
The ASX rose for the second straight day, with the resources sector the big winners, including one stock that rocketed almost 40 per cent.
The central bank sent the ASX higher after not budging from its historic low cash rate, while a $3bn cash splash on shareholders buoyed Boral.
The ASX closed barely changed on the final trading day of the month, but officially notched up its worst start to the calendar year in 14 years.
The ASX jumped sharply after plunging to a 10-month low in the prior session, the first day in the green all week.
The ASX tumbled firmly into the red but energy stocks were winners as the prospect of armed conflict between Russia and Ukraine fuelled supply concerns.
A bigger than expected inflation spike and geopolitical tensions wreaked havoc on the ASX, with the benchmark index slipping below 7000 points.
The Australian sharemarket continued its dire start to the year with mining and technology firms among the hardest hit on Monday.
The Australian share market plunged to an eight-month low this morning after a horror day on Wall Street on Friday.
The ASX tumbled spectacularly after an ‘ugly late swoon’ on Wall Street, with few stocks spared from the sea of red.
The ASX crept into the green as energy producers Woodside and Santos booked record numbers, while gold miners shone brightly.
The local bourse went south after US markets copped a battering amid concerns the Federal Reserve will aggressively hike interest rates as inflation surges.
It shaved almost $70 million off the company’s valuation as consumers advocates warned younger generations are vulnerable to falling into debt.
The ASX finished barely changed despite a positive start, with Redbubble tanking on a profit plunge, while JB Hi-Fi jumped higher.
Consumer stocks led the ASX higher, including Wesfarmers despite reporting a Kmart and Target sales slump, while a market debutante tanked spectacularly.
Almost every sector dragged the ASX firmly into the red, with tech a major weight, eclipsing the Nasdaq’s big tumble overnight.
Ongoing strength in commodity prices amid tight supply and sustained demand boosted resources stocks, propelling the ASX higher.
‘Soothing’ comments by the US Federal Reserve chair boosted Wall Street and flowed on to the ASX, helped by higher commodity prices.
Critical US inflation data could spur on more sharemarket volatility as the ASX slides into the red for the second straight day, with supermarkets the worst performers.
A potential Russian invasion of Ukraine will likely propel the energy sector even higher, experts say, as it helps the ASX limit losses.
A swag of blue-chip stocks helped Australia’s sharemarket arrest a two-session slide on Friday, capping a volatile first trading week of the year.
There wasn’t much good news to be found on the ASX on Thursday, with investors spooked by moves on Wall Street.
A rotation out of high-growth technology and health stocks has knocked the Australian sharemarket from near five-month highs.
Investors rode a wave of optimism in the first session of 2022 as the ASX 200 added a whopping 2 per cent to close near record highs.
Traders were in a festive mood when they resumed after the four-day Christmas weekend, lifting the ASX 200 to a new high.
A classic Santa rally has lifted the ASX to near six-week highs as investors grow more confident Omicron will not derail the global economy.
The Australian sharemarket rose for a third straight session to its highest close in two weeks, buoyed by gold miners, banks and healthcare firms.
Original URL: https://www.news.com.au/topics/asx/page/22