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ASX 200 down; MinRes, Woodside and Newmont lead large-cap gains as Middle East tensions rise; CEO changes at KMD, Collins Foods

Oil, gold stocks jump on Middle East conflict escalation. Jobs to go in Country Road restructure. SiteMinder insider's $85.4m selldown. Kennett to retire after juice company merger. CEO changes at Collins Foods, KMD. CBA shuffles top deck.

Valerina Changarathil and Joseph Carbone
less than 2 min read
7:28AMOctober 02, 2024.
Updated 4:58PMOctober 02, 2024
The Australian Business Network
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Middle East tensions and China's holiday week may keep equity markets subdued for the next few sessions. Picture: Gaye Gerard
Middle East tensions and China's holiday week may keep equity markets subdued for the next few sessions. Picture: Gaye Gerard

Welcome to the Trading Day blog for Wednesday, October 2. The ASX 200 index closed 0.1 per cent lower to 8198.20 points as energy gains offset consumer and tech losses. Escalating tensions in the Middle East saw Wall Street close in the red while China is on a week-long national holiday.

The Aussie dollar is around US68.90c at 5pm AEST.

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Original URL: https://www.theaustralian.com.au/business/trading-day/asx-200-may-be-choppy-middle-east-tensions-weigh-apple-falls-eurozone-inflation-win/live-coverage/7a96909122193facc6974387ac59645a