ASX 200 ends flat, miners fall; Rinehart's Hancock Prospecting books $5bn profit
Billionaire's mining giant's profit falls. Argument breaks out on Endeavour AGM floor. Weak China data hits resources stocks. Treasury Wine's $1.4bn DAOU Vineyards buy. AustSuper rejects Brookfield/EIG Origin bid.
Welcome to the Trading Day blog for Tuesday, October 31. The ASX 200 index closes flat, edging up only 0.1 per cent to 6780.70 points, giving up its earlier gains as weaker than expected Chinese PMI data hits mining stocks. Wall Street rebounded overnight.
The Aussie dollar is trading near US63.47c.
More Coverage
ASX 200 rises after RBA minutes; St Barbara tanks
Domestic shares closed higher after the release of minutes from the RBA’s last meeting for 2024, which received some support from the IMF overnight. SBM hit with PNG tax bill.
ASX finishes strongly, led by banks
The sharemarket closed 1.7 per cent higher, with gains across the board, led by the heavyweight financial sector. News Corp found strong support after its mega $3.4bn Foxtel deal.