ASX 200 lifts; BHP suspends WA nickel operations; CBA's new record; JB Hi-Fi's The Good Guys sued by ACCC; A2M to vote yes on Synlait lifeline
BHP suspends nickel operations, citing global oversupply. Telix Pharma lifts on US payment changes. CBA breaks record price. Insignia boss overhauls executive ranks. White knight found for HS Fresh Food. Synlait soars as China rescue plan sails through.
Welcome to the Trading Day blog for Thursday, July 11. The ASX 200 index closed up 0.9 per cent to 7889.60 points with big gains by property and tech stocks. Wall Street indexes lifted more than 1 per cent on tech gains.
The Aussie dollar is near US67.56c at 5.40pm 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.