ASX 200 ends up 0.5pc on US tariff hopes. Ingenia soars; Star's new Macau investor
ASX 200 ends 4 day losing streak on US tariff hopes. Ingenia Communities leaps 15 per cent after boosting its earnings guidance. Cash-strapped Star rises as mystery investor buys more stock. Telix beats revenue guidance. Car Group lifts after Tyres exit. Mesoblast raises $260m. Blundy-backed City Chic rises.
That's all from the Trading Day blog for Tuesday, January 14. The ASX 200 index ends up 0.5 per cent to 8231 points after rising as much as 0.8 per cent in the first half. Banks have turned lower.
On Wall Street, the Dow Jones index rose 0.9 per cent, as the S&P 500 index closed 0.2 per cent higher and the technology-focused Nasdaq Composite shed 0.4 per cent.
Bitcoin is weaker at just below $US95,000.
The Aussie dollar is trading around US61.81c.
Chinese AI start-up’s trillion dollar hit of tech’s ‘Magnificent Seven’
The arrival of cut-price Chinese rival to ChatGPT has seen more than a trillion dollars wiped from the value of major tech companies.
ASX turns flat; US tech stocks smashed
Seesaw day on the ASX following heavy falls across US tech stocks. Investors spooked following emergence of low-cost Chinese generative AI model DeepSeek. Goodman, Nuix shares fall hard.