ASX 200 trims gains; Arcadium top gainer; Guzman y Gomez dips; China launches swap facility; Netwealth jumps
China launches $US70.60bn swap facility to boost stocks. Lithium stocks on a tear, led by Rio target Arcadium. Restaurant chain GYG dips despite strong quarter. Netwealth jumps on record quarter.
Welcome to the Trading Day blog for Thursday, October 10. The ASX 200 index closed 0.4 per cent higher to 8223 points. Wall Street closed higher after the release of US Fed minutes.
The Aussie dollar is trading around US67.28c at 5pm AEST.
ASX 200 rises after RBA minutes; St Barbara tanks
Domestic shares closed higher after the release of minutes from the RBA’s last meeting for 2024, which received some support from the IMF overnight. SBM hit with PNG tax bill.
ASX finishes strongly, led by banks
The sharemarket closed 1.7 per cent higher, with gains across the board, led by the heavyweight financial sector. News Corp found strong support after its mega $3.4bn Foxtel deal.