ASX 200 falls on China update; BHP leads mining reversal; RBA's step down in hawkishness; Woodside trims gains
Iron ore, copper futures, AUD down after China's underwhelming economic update. RBA's 'step down' in hawkishness evident in September minutes, but deputy governor Andrew Hauser says inflation job's not done yet.
Welcome to the Trading Day blog for Tuesday, October 8. The ASX 200 index closed 0.4 per cent lower to 8176.90 points with miners the top fallers.
The Aussie dollar is trading near US67.26c at 5pm AEST.
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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.