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Trading Day: ASX ends up 0.1% at day's low; CBA up 1.3%

Australia's share market trimmed a solid intraday rise to close up 0.1% at the day's low of 7023.6; CBA, Aristocrat, Xero, gold miners up.

David RogersDavid Rogers
@DavidRogersOZ
less than 2 min read
4:56AMMay 17, 2021.
Updated 7:33PMMay 17, 2021
The Australian Business Network
Print
Australian stocks could be vulnerable after China said it will roll out measures to take the steam out of soaring iron ore and steel rebar prices.Picture: Christian Gilles
Australian stocks could be vulnerable after China said it will roll out measures to take the steam out of soaring iron ore and steel rebar prices.Picture: Christian Gilles

Welcome to the Trading Day blog for Monday, May 17. Stocks still in the green at lunch after fading from a 3-day high, amid slightly weaker China data. Ampol and Viva rose after keeping refineries open following a government aid deal.

As Crown Resorts rejected a Blackstone takeover bid, the Victorian royal commission into the gaming company began hearing evidence.

Read related topics:AmpolAristocratASXCommonwealth Bank Of Australia
David Rogers
David RogersMarkets Editor

David Rogers began writing about financial markets in 1987. He has worked for Standard & Poor's, Thomson Financial, BridgeNews, Tolhurst Noall, Dow Jones Newswires and The Wall Street Journal. David has extensive real-time reporting experience in economics, foreign exchange, equities, commodities and bonds.

David Rogers

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Original URL: https://www.theaustralian.com.au/business/trading-day/trading-day-asx-set-to-rise-after-us-jump-but-miners-vulnerable/live-coverage/abba115baf32831689483ad5080aba02