ASX rises as Trump calls for lower oil prices, interest rates; WA lithium mine expansion shuttered
Australian shares track US gains. Wesfarmers soars on upgrade. Goodman reverses intraday gain. Monadelphous, Synlait jump on updates but Kogan dives. Trump China comments lift stocks, $A. IGO creeps up despite hammer blow dealt to lithium plant.
That's all from the Trading Day blog for Friday, January 24. The ASX 200 closed up 0.4 per cent at 8408.9 points on broad-based gains after Trump's comments on oil prices, interest rates and China. The consumer discretionary sector was strongest as Goldman Sachs upgraded Wesfarmers
Cryptocurrency market lead bitcoin is trading below $US104,000.
The Aussie dollar is trading higher to around US63.17c after US President Donald Trump said he "good" talks with Xi Jinping.
ASX 200 to fall as US tariffs hit
Aussie shares set to retreat heavily from records as reporting season kicks off under spectre of White House tariffs on China, Canada and Mexico. ASIC begins investigation into ASX CHESS incident.
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.