ASX 200 rises; WiseTech back in the red; QBE down; Coles, Woolworths gain; Domain looks for new CEO
WiseTech, MinRes billionaire actions on ASIC radar. Qantas jumps on Jefferies' boost. Insurer QBE sued for allegedly misleading 500,000 customers. Nine-controlled Domain Holdings flags CEO change.
Welcome to the Trading Day blog for Wednesday, October 24. After earlier hitting a two-week low, the ASX 200 index closed 0.1 per cent higher to 8216 points.
The Aussie dollar was trading around US66.76c at 5pm AEDT.
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ASX 200 trims falls as Trump, Asian markets await China response
The ASX 200 trimmed a big intraday fall as US stock index futures and US Treasuries reversed early losses. Asian stocks are mixed with the Nikkei 225 down 3 per cent and the Hang Seng index turning up 1.3 per cent. Xi Jinping will visit Vietnam, Malaysia and Cambodia next week for a response to Trump's 145 per cent tariff war.
ASX recovers $116bn in best day since June 2020
Technology and mining stocks lead surge on local bourse. US futures point down after Wall Street's historic session as Chinese leaders meet to respond to Trump's 125 per cent hit.
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