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ASX 200 live: ASX slips as US tariffs roll out; Atlassian's revenue soars; Iress jumps on bid talks

Market drifts as US tariffs take effect. Atlassian revenue soars as group cuts losses. Fortescue up after $US2bn loan to support 'ambitious decarbonisation agenda'. PointsBet endorses higher MIXI offer.

The ASX is flat as US tariffs roll out in dozens of countries. Picture: Joel Carrett
The ASX is flat as US tariffs roll out in dozens of countries. Picture: Joel Carrett

Welcome to the Trading Day blog for Friday, August 8. The ASX 200 index dropped 0.3 per cent to 8807.10 points.

On Wall Street, the Dow Jones Industrial Average index fell 0.5 per cent overnight, while the S&P 500 index ended flat. The technology-focused Nasdaq index rose 0.3 per cent. 

Cryptocurrency giant bitcoin was near $US116,700 just before 5pm AEST.

The Aussie dollar is trading around US65.24c.

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Original URL: https://www.theaustralian.com.au/business/trading-day/asx-200-live-asx-to-drop-after-weak-session-on-wall-street/live-coverage/c73f237036c7b095645ba983ab0c9179