ASX 200 live: Life360, Zip, Breville among top gainers; Woolworths, Coles fall; China, US rollback tariffs
Rollback of tariffs sees local investors pile back into previously under-pressure stocks like Breville and Zip. Likely pullback in rate cuts looms as defensive stocks like Coles and Woolworths decline.
Welcome to the Trading Day blog for Tuesday, May 13. The ASX 200 index trimmed gains, closing 0.4 per cent higher to 8269 points following the easing of trade tensions between US and China. The market had opened 1 per cent higher.
Wall Street's S&P 500 index closed 3.3 per cent higher, the Dow Jones index nearly 3 per cent stronger and the technology-focused Nasdaq soared more than 700 points, or 4.4 per cent.
Cryptocurrency giant bitcoin is above $US102,000.
The Aussie dollar is trading around US64.09c.
Originally published as ASX 200 live: Life360, Zip, Breville among top gainers; Woolworths, Coles fall; China, US rollback tariffs
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