ASX live trading: ASX 200 edges higher, as tariff uncertainty remains; Star's hotel sale ramps up
Salter Bros understood to be leading race for Star's Sydney hotel, as casino group reviews Bally's last-minute offer. Stocks lift from six-month lows. Energy sector leads gains. Johns Lyng dives.
Welcome to the Trading Day blog for Monday, March 3. The ASX 200 closed 0.2 per cent higher at 7962.30 points, as uncertainty over US tariffs continued to weigh on global markets.
On Friday Wall Street advanced as the market settled following an uncertain week, with the S&P 500 rising 0.6 per cent, the technology-focused Nasdaq Composite Index closing 0.7 per cent higher and the Dow Jones Industrial Average adding 0.5 per cent.
Cryptocurrency market leader bitcoin is trading below $US83,000.
The Aussie dollar is trading around US63.13c.
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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.
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