ASX 200 falls after Wall Street's tech selloff; Fortescue's guidance miss; Macquarie's flat first quarter; ANZ sacks, suspends staff amid probe
Senate committee to grill PwC CEO Kevin Burrowes, former bosses again. Commodities sink despite China rate cut. Fortescue misses guidance. ANZ suspends, sacks staff as market manipulation probe continues. Macquarie's flat first quarter.
Welcome to the Trading Day blog for Thursday, July 25. The ASX 200 index closed down 1.3 per cent to 7861.20 points, with tech stocks the weakest. It followed Wall Street's tech-heavy Nasdaq and the S&P 500 indexes marking their worst sessions since 2022.
The Aussie dollar is trading near US65.42c at 5pm AEST.
ASX 200 surges on tech, mining gains
Tech investors pile in despite Trump exemptions confusion. Property, health stocks also strong gainers. China's exports surged in March. Future of bank stocks clouded: Citi.
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.