The ASX 200 trimmed a big intraday fall as US stock index futures and US Treasuries reversed early losses. Asian stocks are mixed with the Nikkei 225 down 3 per cent and the Hang Seng index turning up 1.3 per cent. Xi Jinping will visit Vietnam, Malaysia and Cambodia next week for a response to Trump’s 145 per cent tariff war.
Technology and mining stocks lead surge on local bourse. US futures point down after Wall Street’s historic session as Chinese leaders meet to respond to Trump’s 125 per cent hit.
$47bn wiped off ASX as markets react to Trump’s latest tariffs, including a 104 per cent hit on China . AUD has hit new 5-year low below US60c.
ASX roars back to life in best day since November 2023. $A rose over 1 per cent after Monday’s meltdown. China slams Trump’s 50pc more tariff threat as Hong Kong hits out at ‘bullying’. Bets rise on 0.5pc RBA May rate cut.
Trump tariffs trigger GFC echoes as market trims falls. Treasurer warns on recession risk, flags potential 50bp rates cut. Fears of Black Monday-like crash as traders reel from speedy rout. AUD back above US60c.
Key market index now 10 per cent below February 14 record close as tariff fears hit investors. Woodside, Santos lead energy slump. Banks and miners also in the red.
Trump tariff relief as Aussie beef escapes ban, medicines exempt. Asian equities slump as China, Japan urge dialogue. Last-ditch reprieve for Gupta’s InfraBuild. APRA lifts ANZ capital buffer, demands over concerns.
Star pins hopes on Bally’s as refinancing talks with Salter fail. MinRes, founder Chris Ellison slapped with class action. Zip loses in court. US Fed official worried about tariff policy ‘fog’.
RBA board holds cash rate at 4.1pc, ‘did not explicitly discuss rate cuts’ says Bullock as focus shifts to May. ASX lifts 1pc. Housing groups welcome Coalition promise to drop mortgage buffer.
Markets brace for Trump’s ‘Liberation Day’. US recession probability doubles: GS. Nine, Domain fall amid CoStar talks. RBA, ASIC salvo weighs on bourse operator ASX.
ASX ekes out small gain. Election Day is May 3. Bad weather delays Incitec Pivot fertilizer sales. Big east coast gas users back Dutton plan as producers pan it. Virgin clears last barrier on Qatar flights. Star’s Sydney casino licence suspension continues.
Stocks lost ground on US auto tariffs, though US futures have recovered early losses. Nine-controlled Domain preps for due diligence after $2.8bn offer from US group. Tech rout, AusSuper selldown weigh on Richard White-led WiseTech. Reject Shop rockets nearly 110 per cent on Canadian takeover proposal.
Vulcan’s European tick triggers investor rush while Jeanswest goes in administration again. Paladin shares sinks as rain washes away guidance, Whyalla interest boosts BlueScope and rate cut hopes up on Feb inflation fall.
WA miner Gold Road hits record amid standoff with rejected suitor, partner Gold Fields. Regal in recovery mode as Opthea questions remain. James Hardie stays in the red after analyst ratings changes. Budget to reveal worsening debt outlook.
Building products giant James Hardie’s likely paying too much for US buy. Potential loss of CBA contract hits Helia. Regal dives as pharma group Opthea enters suspension amid survival talks.
TWE on watch as US winemakers now push for tariffs on Australia. Rio joins race for billionaire Mark Creasy’s WA project. Woolworths, Coles mark best day in years after ACCC’s damp squib supermarkets report.
AUD down on 53,000 fewer jobs in Feb. Judo dives as Bain, GIC offload stake. Rinehart-backed Arafura’s best day in almost a year. Red flag raised after $20m withdrawal by Star patrons. Nanosonics is top mid-cap gainer after US FDA tick.
MinRes faces more bumps on Onslow haul road. Myer’s challenges continue as costs rise. ‘Value destructive’: Rio dismisses unification push. Hanwha ‘wildly mistaken’ on new move: Austal chair.
NAB, CBA bosses detail housing crisis pain points. Hanwha seeks FIRB nod for Austal stake boost. Coal miner New Hope’s $100m buyback. Active Super members to bear greenwashing penalty burden.
China’s economic data beats estimates. Star’s former executives expose alleged internal fails. Suitor Ramelius falls as $2bn bid lifts Spartan. Smartpay’s best day in months as Tyro, unnamed rival suitor circle. Woodside gets its first China LNG customer.
Australian stocks rise into the weekend. US futures soar as Trump government shutdown risks fade but trade tariff fights continue. Banks in the red. Gold miners soar as safe-haven commodity eyes new peak past $US3000 per ounce.
Australian stocks turn down after an early rise. Morgan Stanley cuts ratings on Australian stocks. Nine appoints Matthew Stanton as CEO. ACCC finds issues with DP World’s acquisition of Silk. Boss buys stake in uranium player.
Investors wipe $36bn off the local market and push the ASX 200 to the brink of a “correction” as Wall Street tumbles continues to tumble. No exemption for tariffs on Australian steel, aluminium sent to US. Corporate regulator sues super giant.
Australian stocks trimmed half of a sharp intraday fall as US futures rebounded after recession fears hit Wall Street. Brookfield begins Healthscope sale process. Brickworks takes a writedown on US operations. Polynovo shares drop after CEO sent packing.
Salter Bros understood to be leading race for Star’s Sydney hotel, as casino group reviews Bally’s last-minute offer. Stocks lift from six-month lows. Energy sector leads gains. Johns Lyng dives.
Troubled Star finally strikes Queen’s Wharf deal, saves 2700 jobs. Insignia soars as Bain, CC Capital lift offers. PolyNovo’s internal turmoil trims under-scrutiny chair’s fortunes as shared sink 13pc.
Casino operator’s deal with Hong Kong partners to help avoid administration. Ex-dividend trading, oil price slide weigh on bourse. Insurers face $2bn-plus hit from Cyclone Alfred. APRA moves to tighten financial board rules.
‘America’s momentum is back’: Trump. Virgin names new CEO. Wong says ‘hill to climb’ on US tariffs. GDP data shows modest green shoots. China sets new growth, deficit goals. Cyclone Alfred looms.
US tariffs, inflation uncertainty clouds outlook, RBA minutes show. HMC down on Healthscope non-payments. Aurizon details hit from OneSteel, Centrex administrations. Star’s liquidity crisis continues.
Creditors meeting hears Sanjeev Gupta’s former steelworks owes $1.35bn after posting a loss of $319m in the seven months to January. ASX a sea of green with all sectors rising. Insurers fall on cyclone threat.
Original URL: https://www.theaustralian.com.au/business/trading-day