ASX live coverage: ASX 200 ends flat on trade nerves;Hesta sells MinRes stake amid governance woes; US, China hold 'positive' trade talks; Zelensky, Putin to meet in Turkey
Hesta dumps remaining stake in Chris Ellion-led Mineral Resources. Steps made to thaw US-China trade tensions. Woolworths invests more than $100m in lower prices. New leaders at South32, IDP.
Welcome to the Trading Day blog for Monday, May 12. The ASX 200 closed flat at 8,233.5 points on Monday, as declining health care stocks slightly offset strong energy gains. Trade talks between the US and China started on a 'positive' note.
On Wall Street on Friday, the S&P 500 closed 0.1 per cent lower, the technology-focused Nasdaq Composite Index finished flat and the Dow Jones Industrial Average closed down 0.3 per cent.
Cryptocurrency leader bitcoin is back above six figures, currently trading above $US104,000.
The Aussie dollar is trading around US64.31c.
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ASX at two-month high before US-China talks; tech sector strongest
Super fund Hesta has put WiseTech on its watchlist over concerns related to chair Richard White. Macquarie's annual profit has investors on a tear. US has de-escalatory carrot ready for weekend's China trade talks.
CBA cuts Aus economic growth forecast; Woodside under pressure
Banking giant trims Australia's GDP growth forecast. Nearly 20 per cent of Woodside investors reject election of climate director. BlueScope warns of an inflation jump from President Trump's tariffs as he spruiks deal with the UK. Aussie dollar in demand.
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