ASX 200 falls; AMP weighs Federal Court ruling, Treasury Wine offloads Karadoc winery
Falls in banks and miners end rally. AMP falls on Federal Court decision. UBS upgrades Telstra to buy. China data hits iron ore, AUD. Treasury Wine sells Karadoc winery.
Welcome to the Trading Day blog for Wednesday, July 5. The Australian sharemarket has retreated with the S&P/ASX 200 index down 0.4 per cent to 7253.50 at 1.30pm AEST.
ASX dives to two-month low; Star tumbles as seeks funds
ASX briefly erased its year-to-date gain as tariff fears and risk aversion hit global markets. Star shares drop 15 per cent as it looks at liquidity proposals. Endeavour down as profit falls. Australia Post profit jumps.
ASX ends higher; Gupta biggest Whyalla creditor
Sanjeev Gupta's GFG Alliance owed $500m from Whyalla collapse. Business investment unexpectedly falls in December quarter. Qantas rewards investors with dividend. Jobs to go as Oceania Glass Dandenong shuts.