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ASX 200 closes up; Macquarie, Fortescue, Rio down; Megaport soars

US rate rise boosts optimism. Megaport earnings up after first cash positive quarter. Weak conditions hit Macquarie. Fortescue down after weak FY24 iron export guidance. 

The US Federal Reserve’s decision to hike rates is on investor minds’ as more corporate updates flow in. Picture: Gaye Gerard
The US Federal Reserve’s decision to hike rates is on investor minds’ as more corporate updates flow in. Picture: Gaye Gerard
The Australian Business Network

Welcome to the Trading Day blog for Thursday, July 27. The ASX 200 index closes 0.7 per cent higher at 7455.90, following the US Fed Reserve's 25 basis point rate hike.  

The Aussie dollar is near US67.88c.

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Original URL: https://www.theaustralian.com.au/business/trading-day/asx-200-eyes-flat-start-mixed-wall-street-meta-soars/live-coverage/0d9b5cf3afb446cc5792de6471449926