ASX coverage: ASX 200 retreats from record highs; oil prices drop; Woodside sees revenue jump
Local sharemarket backs away from highs after US, China sell-off. AusSuper invests billions in US data center company. Woodside records 21pc revenue jump as production hits record.
Welcome to the Trading Day blog for Wednesday, October 16. The ASX 200 closed 0.4 per cent lower at 8284.7 as China and US stocks lost ground, amid heightened volatility before the US election.
The Aussie dollar is trading around US66.90c.
More Coverage
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.