ASX claws back points after rocky start
The Aussie share market is bouncing back after experiencing a shocking start to the week.
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The Aussie share market is bouncing back after experiencing a shocking start to the week.
The Treasurer moved quickly to ease fears of a recession after the ASX suffered a very costly $100bn one-day drop.
The ASX has clawed back some ground after sweeping meltdowns on global sharemarkets led to big losses at the start of the week.
The worst day on the Aussie stock exchange in four years has seen more than $100bn of value evaporate.
There was ‘nowhere to hide’ for traders on Friday as the ASX saw $59bn evaporate by the closing bell.
The ASX200 has notched a consecutive record closing high on Thursday.
The Aussie sharemarket marked another record high as investors responded positively to the news that inflation came in below expectations.
Following Rex’s decision to halt trading on the ASX, the carrier’s latest move has signalled more strife is headed for the airline.
Rex has suspended bookings on its capital flight services as staff report being refused entry into a company-designated hotel due to unpaid bills.
The regional flyer has been temporarily suspended from trading on the ASX following rumours the company had engaged financial services firm Deloitte.
The Australian share market has rebounded better than expected to finish off the week despite international influences.
Another casualty of this once popular sector has seen the company go under despite being worth millions just years ago.
A day after setting a new 52-week high, the Aussie sharemarket retreated at the closing bell on Thursday.
Some dark economic data out of China triggered a sell-off in heavyweight mining stocks on Tuesday, pulling the Aussie market down from record highs.
Telstra jacking up phone plan prices led to a surge in trading in the telco on Tuesday, as the telecommunications behemoth reached a three month high.
Mining, building and financial shareholders dined out on Thursday, boosted by construction hope in China and a record run on Wall Street.
Heavy discounting, competition from Kmart and Big W and a $12m gamble were signs of a “road to ruin” but another “disaster” is looming from the failure.
Elon Musk becomes $10bn richer overnight, as US gains filter through to the Australian market in trading on Wednesday.
Winning approval for cannabinoid products is a monumental task, with none having reached over-the-counter status. But these ASX stocks are working on it.
An inflation sensitive Aussie stock market fell only slightly on Thursday as it rebounded in the wake of the surprising CPI jump this week.
The Australian sharemarket fell sharply in a ‘punchy session’ to start the week, dragged down by a selloff in the energy and materials sectors.
Australian equities rose modestly on Friday to cap off a positive week buoyed by Wall St gains.
A gay leading Australian businessman has expressed concerns about an ASX move he fears could “encroach on privacy and people’s individual lives”.
In the biggest float in three years, the burrito merchant had a stunning performance on its first day on the ASX.
The future of an Aussie online retailer looks uncertain after it halted trading on the Australian Stock Exchange.
Hawkish remarks from the Reserve Bank haven’t rattled investors, with Wednesday recording a quiet day of trading following Tuesday’s strong advance.
A drug which could make a huge difference to HIV-1 infected people has returned promising results – driving up biotech Biotron’s share price by 15 per cent.
Discovery Capital Partners says interest in the likes of gold, copper and graphite has risen, with small caps – such as these five – starting to see the love.
Research house MST Access has initiated coverage on Brookside Energy, one of the few ASX companies in the North American oil and gas sector with a valuation 5x its share price.
Word is that demand for Guzman y Gomez’s Thursday IPO is so hot investors won’t be able to satisfy their appetite for shares. But Morningstar has advised caution.
Snapping a two-day losing streak, the sharemarket rallied on Tuesday, propelled by financial and utilities stocks.
Brines explorer Patagonia Lithium is charging after ‘exceptional’ results from Well Two at the Formentera project in Argentina. Get your resources wrap here.
Cardiex’s share price has soared by more than 17 per cent after it a sales update that pointed towards a doubling of revenues in just a year. Here’s your health wrap.
Despite sustainability-themed stocks losing market appeal, Canaccord Genuity sees a big revenue leap ahead or circular economy star Close the Loop.
Shares got off to a poor start on Monday, with weak Chinese economic data adding further uncertainty to already cautious investors.
Producing a metal that stops batteries from becoming time bombs seems worthwhile. So it’s no wonder the high-purity alumina industry is shining, says Tim Boreham.
June can be a rough ride for the market – which offers a chance to snap up tomorrow’s blue-chip stocks at bargain prices, says investment guru Emanuel Datt.
Wall St hit fresh highs overnight but it wasn’t enough to lift Aussie equities, with the ASX200 drifting lower on extended weakness in China.
Resouro Strategic Metals has made it’s ASX debut – and immediately enjoyed a massive bounce thanks to a couple of mighty projects.
Australian investors have reacted positively to better-than-expected US inflation data, with new hopes the Federal Reserve could cut rates soon.
Ahead of the US Fed’s meeting on rates, the Australian share market has recorded a loss for the second day in a row.
The share market shedded 1.3 per cent as investors awaited the Federal Reserve’s much anticipated meeting on Thursday for a signal on its interest rate path.
The Australian sharemarket is going into the long weekend on a high, after it recorded its best week of 2024.
After a tech-propelled rally on Wall Street overnight, the Australian share market followed suit.
The Aussie share market has seen a promising close to Wednesday despite the latest GDP data showing weak economic growth.
Following a two-session rally, shares on the Australian stock market slipped as iron ore and oil prices tumbled.
The Australian share market has started the week in positive territory, as it extended its gains thanks to the big banks.
Aussie shares shrugged off a grim night on Wall St to end a three-day losing streak and finish the week with a broadbased rebound.
The Australian sharemarket fell for its third straight session on Thursday, dragged down by Wall St, inflation fears and a tumble at BHP.
Australian shares slumped on Wednesday after hotter-than-expected CPI numbers renewed inflation fears and narrowed the likelihood of rate cuts this year.
The Australian sharemarket fell lower on Tuesday after weak retail sales data hit discretionary stocks.
Booking a four-day losing streak, the sharemarket fell to close out the week after investors were rattled by hotter-than-expected services and manufacturing data.
Paring back its early gains, the sharemarket inched lower to finish in the red for a second consecutive session.
In a subdued session, Tuesday’s trading gave back a portion of Monday’s rally.
A rally in prices for key commodities including oil, iron ore, nickel, gold and copper sent the benchmark within 33 points of its record high.
The Aussie sharemarket has fallen one day after it was a “smidgen away” from record highs at the close.
The Australian sharemarket has marked its best day for the year in the wake of the latest unemployment figures boosting buyer confidence.
Aussie stocks lifted on Wednesday on the back of a mining rally fuelled by bourse heavyweight BHP.
Australian shares dipped lower on Tuesday as investors continue to tread cautiously before a flood of data comes this week.
Australian shares were flat on Monday before important inflation data is released midweek.
International markets continue to help the Aussie sharemarket remain strong ahead of next Tuesday’s federal budget.
Consumer and financials were crunched on Thursday as investors grew increasingly concerned with the impact of elevated inflation on households.
A rally in interest rate sensitive stocks on Wednesday pushed the sharemarket into the green for a fifth consecutive session.
The Aussie sharemarket has remained strong in the wake of a less than ‘hawkish’ interest rates decision by the Reserve Bank of Australia.
Ahead of the central bank’s impending interest rate decisions, investors on the Australian share market were in an upbeat mood.
All 11 sectors fared well on the last day of the ASX trading week, with several companies reaching record highs across the day.
Australian shares notched a tepid bounce on Thursday following some dovish rhetoric from the US Fed and positive sentiment around half-year results from NAB.
Aussie shares slumped on the first day of the new month as anxieties mount about US inflation and interest rates.
Aussie stocks edged higher on Tuesday after a slump in retail sales pushed back fears of impending rate hikes.
While bond traders have sharply revised their interest rate bets, equity investors appear unconvinced that a resumption in hikes is likely.
After stronger than expected economic data, traders have built up bets that the Reserve Bank could hike interest rates again.
Ahead of consumer price figures for the March quarter, the benchmark notched its second session of gains.
Markets regained their composure on Monday after an apparent easing in hostilities between Iran and Israel.
The Aussie sharemarket has ended the week lower after investors responded to reports Israel launched air strikes against Iran.
Firmer than expected unemployment data failed to ease concerns that the RBA will hold interest rates steady through to 2025.
The Australian sharemarket edged down slightly on Wednesday, as investors settled into a new narrative on inflation.
Shares took their cue from the US stock market, with the local benchmark finishing in the red for the fourth consecutive session.
Australian shares slipped on Monday trading as investors price in rising geopolitical uncertainty in the Middle East.
Softer-than-expected producer price data failed to ease the concerns of inflation-worried investors.
With US inflation proving more stubborn than expected, traders are increasingly concerned rate cuts will be delayed.
Original URL: https://www.news.com.au/topics/asx/page/5