China spooks ASX from record high
The ASX 200 has fallen from a record high, as investors are disappointed with the economic growth of Australia’s largest trading partner.
The ASX 200 has fallen from a record high, as investors are disappointed with the economic growth of Australia’s largest trading partner.
Tightening supplies of raw materials may magnify a rise in prices if China’s stimulus measures manage to lift growth in the world’s No.2 economy and biggest consumer of most commodities.
Local shares fall back sharply from record highs amid broad-based declines. Flight Centre dives on a profit warning. WiseTech continues to dive. Miners down on China disappointment. Telix plans Nasdaq listing. South Korean authorities eye Regal for alleged short-selling breach. Spot gold hits record high.
Former rugby league star Adam MacDougall has poured a further $3m into ASX-listed microcap HITIQ.
The ASX has closed at another record high this week, driven by stronger than expected Australian economic news.
Perpetual hit with first strike. Stronger-than-expected jobs data may dash hopes of early rate cut. BHP iron ore production rises but China disappointment weighs. Regulator allows Star to keep Sydney licence. Uranium miners soar. WiseTech dives amid CEO scrutiny.
Australia’s sharemarket has temporarily fallen from its record high on Tuesday, as tech stocks offset strong gains by banks and miners.
The ASX-listed energy and graphite player attempts to buy a $147m loan over its battery gigafactory iM3NY has fallen flat.
Local sharemarket backs away from highs after US, China sell-off. AusSuper invests billions in US data center company. Woodside records 21pc revenue jump as production hits record.
The Australian share has closed at a new record high as investors react positively to an improving economic backdrop and rumours of a Chinese stimulus package.
Sharemarket sets new highs after US gains. NAB revises rate cut prediction. Private equity circling wealth platform market. CBA says households cutting back spending. Tyro sinks on RBA review of card payments and surcharging.
ASX 200 ends up 0.5 per cent amid gains in the US and China. TPG sells fibre, EGW assets to Vocus in blockbuster deal. Web Travel dives on update. New bosses at Lendlease, Pacific Smiles. BCA puts councils performing poorly on housing on chopping block.
Some little known bosses and board members now have shareholdings worth $100m-plus, joining billionaires and other high profile investors whose wealth has soared over the past year.
Valuable commodities are being shipped abroad instead of staying in Australia because ASX companies are ignoring the world’s fastest growing waste stream.
Appen in $50m cap raise. US inflation stickier than expected, jobless claims jump. Oil, gold prices push higher. Richard White keeps selling down WiseTech stock amid court stoush. Macquarie downgrades Woodside.
China launches $US70.60bn swap facility to boost stocks. Lithium stocks on a tear, led by Rio target Arcadium. Restaurant chain GYG dips despite strong quarter. Netwealth jumps on record quarter.
Rio buys lithium player for $US6.7bn. Commodity price falls, China disappointment weigh on Aussie producers. NZ’s central bank cuts rate by 50 basis points, as expected. Shares in Cettire, Zip jump.
Iron ore, copper futures, AUD down after China’s underwhelming economic update. RBA’s ‘step down’ in hawkishness evident in September minutes, but deputy governor Andrew Hauser says inflation job’s not done yet.
The ASX-listed travel business will relaunch its corporate meetings and events business to position it for global opportunities as Australian companies look to spend big on conferences.
Rio Tinto’s takeover approach lifts Arcadium Lithium appeal. West African Resources drops on Burkina Faso mining concerns. Qantas may avoid second strike after proxy backing.
Original URL: https://www.theaustralian.com.au/topics/asx/page/15