ASX 200 wobbles on Ukraine jitters; Wesfarmers dives on earnings
ASX ends higher as Ukraine jitters spark a late selloff. CSL jumps on upgrades, Wesfarmers sinks on earnings, Telstra earnings hit and Origin brings forward Eraring closure.
Welcome to the Trading Day blog for Wednesday, February 17. A late selloff sparked by fresh Ukraine jitters tempers ASX rise, erasing strong intraday gains. Wesfarmers ends market laggard after diving on an earnings slide and CSL leads health sector rally.
The S&P/ASX 200 index closed up by 0.2 per cent to 7296.2, while the All Ordinaries added 1.8 points to 7574.8
The Dow Jones Industrial Average finished 0.2 per cent lower, while the S&P 500 rose 0.1 per cent. The tech-heavy Nasdaq slid 0.1 per cent after being down more than 1 per cent earlier.
Iron ore traded up 3 per cent to $US140.30 a tonne and US Nymex crude price turned lower, falling 1.9 per cent to $US90.33 a barrel.
ASX ends flat with CSL the main drag
The local share market closed flat as CSL dives after its results, Macquarie jumps on its trading update, gold miners up as gold hit a record, SGH soars on strong results, Nine, Seven West Media up on positive signs for advertising. Australian carveout on Trump tariffs 'under consideration'.
ASX 200 down as Trump tariffs loom; tech sector hit
Steel, aluminum producers mixed after latest Trump tariff threat. Is JB Hi-Fi topping out? Car Group, JB Hi-Fi and WiseTech leading losses. In contrast, Star and Ansell find support.