ASX 200 dips as miners offset health gains; Santos down after Aramco says bid report 'inaccurate'; US markets closed for Independence Day holiday
Saudi Aramco dismisses 'inaccurate' Santos takeover report. Samsung flags 15-fold profit jump. Bitcoin down. NIB reassures on cover amid public St Vincent's brawl.
Welcome to the Trading Day blog for Friday, July 5. The ASX 200 index closed flat to 7822.30 points .
The Aussie dollar is trading near US67.30c at 5.00pm AEST.
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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.