ASX 200 falls from record high as Trump tariffs loom; CBA, ASX Limited dive; Ramsay gains; Novonix raising
Banks, resources drive ASX selloff. Trump threatens tariffs against China, Mexico and Canada. Israel-Hezbollah ceasefire seen as imminent. Sharemarket operator ASX down after CHESS guidance. Brickworks sees 'subdued' key markets over next 12 months.
Welcome to the Trading Day blog for Tuesday, November 26. The ASX 200 index ends down 0.7 per cent at 8359.4 points as banks, resources weigh. Trump talks tough on tariffs.
On Wall Street, the S&P 500 and the technology-focused Nasdaq indexes rose 0.3 per cent while the Dow Jones index hit a new record after lifting 1 per cent.
The Aussie dollar is trading around US64.92c after recovering from earlier falls after US President-elect Donald Trump vowed to impost more tariffs on China, Mexico and Canada.
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ASX 200 rises after RBA minutes; St Barbara tanks
Domestic shares closed higher after the release of minutes from the RBA’s last meeting for 2024, which received some support from the IMF overnight. SBM hit with PNG tax bill.
ASX finishes strongly, led by banks
The sharemarket closed 1.7 per cent higher, with gains across the board, led by the heavyweight financial sector. News Corp found strong support after its mega $3.4bn Foxtel deal.