ASX trading; ASX down after most US stocks fell; Myer-Premier merger given nod by shareholders; Hyperion tops performance tables
ASX down after most US stocks fell. Department store chain, Premier shareholders show huge support for merger. Bain boosts Insignia offer to $4.60 per share. Evolution drops on downgrades. Fortescue ships record amount of iron ore.
That's all from the Trading Day blog for Thursday, January 23. The ASX 200 closed down 0.6 per cent to 8378.7 points after most US stocks fell despite a tech-led rise in the S&P 500.
Cryptocurrency market leader bitcoin is trading below $US103,000.
The Aussie dollar is trading around US62.72c.
ASX 200 rises 0.5pc to record close; Origin down
A strong day for Aussie shares as the ASX 200 rises 0.5 per cent to a record high close at 8532.3. Origin cuts APLNG guidance. Citi upgrades BlueScope. Rinehart lifts Lynas stake. Broker upgrade for Zip. Lendlease selling Capella. US probing if DeepSeek used Nvidia chips. Trump advisors hunt for deals as Canada, Mexico tariffs loom.
ASX soars to record high on tech, rate cut hopes
The sharemarket has jumped to a record high of 8515.7 points, amid positive leads from Wall Street after big tech reports and Reserve Bank rate cut hopes. DeepSeek will not derail Microsoft’s $US80bn AI investment this year. Zip and MinRes drop.