ASX 200 live: Iron ore miners dive as China stimulus talk disappoints' DigiCo's weak debut; Insignia jumps on Bain bid; Iress gains; Rio to spend $US2.5bn on Rincon
DigiCo flops on in subdued start to public life. Insignia considering Bain's $4 per share bid. Iress promises to reinstate dividends. Rio to spend $US2.5bn on new lithium mine in Argentina. Premier's FY25 start 'challenging'. China stimulus talk disappoints
Welcome to the Trading Day blog for Friday, December 13. The ASX 200 ends down 0.4 per cent to 8299 with the materials sector weakest as China stimulus talk disappoints again. Insignia, Iress jump. DigiCo flops on debut
On Wall Street, the S&P 500 closed 0.5 per cent per lower, with the technology-focused Nasdaq index down 0.7 per cent and the Dow Jones index shedding 0.5 per cent.
Bitcoin's just above $US99,600.
The Aussie dollar is trading around US63.63c.
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.