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Banks drag ASX 200 down while resources rise
Companies

Banks drag ASX 200 down while resources rise

The ASX 200 index fell sharply from a record high as banks are hit by profit taking. Resources outperform. AMP hails super win  in volatile market. South32 beats FY25 output guidance. Insignia’s $3.4bn offer yet to materialise as talks continue. 

SYDNEY, AUSTRALIA - NewsWire Photos,June 3, 2022: Generic imagery of the Australian Stock Exchange. Picture: NCA NewsWire / Jeremy Piper
Business

ASX has best week since May

A surge in the major miners and healthcare stocks drove the ASX to its best week since May, with the All Ordinaries passing the historic 9000 point mark.

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Markets
SYDNEY, AUSTRALIA - NewsWire - 08 JULY 2025: Following the Monetary Policy Board Decision, Reserve Bank Governor Michele Bullock addresses the media in Sydney.Picture: Christian Gilles / NewsWire

ASX flat after RBA keeps rates on hold

In a major surprise, the Reserve Bank has kept rates on hold amid global uncertainty and lower inflation. PM flags taxpayers will ‘very soon’ underwrite a major bailout of two failing metal smelters in two states.

Companies
Opening of The Star Grand and Queen's Wharf precinct in Brisbane, Thursday, August 29, 2024 - Picture: Richard Walker

ASX in red as Trump’s next tariff move looms

Star, HK partners vary divestment deal. Northern Star dives on weak guidance, high capex. Origin’s spike may be linked to Octopus UK updates. RBA’s 25 basis points easing on Tuesday locked in. Crucial week for Trump tariffs. 

Original URL: https://www.ntnews.com.au/business/markets/page/4