ASX 200: James Hardie's golden parachute for US target execs; Healthscope's HMC rent deal; Trump tariffs staying
HealthCo's record jump after HMC Capital defers Healthscope rents. Big payouts for AZEK executives in controversial James Hardie buyout. Sigma's best days 'behind it'. Trump team plots Plan B on tariffs.
That's all from the Trading Day blog for Friday, May 30. The ASX 200 index ended up 0.3 per cent at a 3.5 month high daily close of 8434.7 points on more than double normal volume amid month-end and MSCI index rebalancing.
On Wall Street tech stocks and the Nasdaq Composite got a boost from Nvidia's strong earnings, which pushed the chip giant's shares 3.2 per cent higher. The Nasdaq and S&P 500 both ended the day 0.4 per cent higher, while the Dow Jones Industrial Average tacked on 0.3 per cent after a day of see-saw trading as the US administration managed to keep trade tariffs in play.
Cryptocurrency giant bitcoin is near $US106,000.
The Aussie dollar is trading around US64.30c.
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Trump tariff uncertainty keeps investors on sidelines
The White House has appealed the US Court of International Trade's rejection of US President Donald Trump's 'unbounded authority' in imposing his Liberation Day tariffs. Australia is reviewing the decision.
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Environment Minister Watt approves Woodside's four-decade extension of WA project. Economists tip two more RBA rate cuts after April inflation print. MinRes downgrade weighs.
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