Markets Live
As it happened: Closes ASX 1.8% lower as US inflation numbers smash tech stocks
The ASX 200’s retreat gathered another head of steam this afternoon as tech stocks got smashed. The market closed 1.75 per cent lower, down 123.7 points to 6,941. The latest US inflation numbers spooked the markets and shredded tech stocks both in the US and Australia with the local tech sector dropping an incredible 8.7 per cent.
- by Jessica Yun and Colin Kruger
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As it happened: ASX closes higher for the first time this week, Magellan appoints new CEO, explanation missing for Link share rout
The ASX 200 recovered from a 0.8% morning dip and managed to close higher for the first time this week, up 0.2% to 7064.7 as our big miners rebounded strongly on good news from China on its COVID lockdowns. The health care and property sectors also closed strongly higher.
- by Colin Kruger
As it happened: ASX stems losses to 1% drop after Wall St rout sends Aussie dollar, oil, and iron ore tumbling
The ASX 200 plunged as much as 2.5% this morning before stemming the losses to close just 1 per cent lower at 7051.2. Energy and mining stocks led the drop - both were down more than 2% - but the telco sector managed to finish the day in front.
- by Colin Kruger
The Wrap: why Westpac’s up, but the sharemarket’s down
Your five-minute recap of the ASX trading day, and how the experts saw it.
- by Emma Koehn
As it happened: ASX finishes 1.2 per cent lower; Westpac jumps
Mining and tech stocks dragged down the index throughout the session despite Westpac and CSL having strong sessions.
- by Emma Koehn
As it happened: Wall St rout triggers $50b ASX wipeout
The ASX 200 closed 2.2% lower, down 159 points to 7205.6 after Wall St plunged overnight on stagflation fears. All sectors closed lower on Friday - and were down for the week - led by tech stocks and the property sector which has been hit hard by rising interest rates.Â
- by Colin Kruger
As it happened: ASX closes 0.8% higher, Qantas reaches deal to buy charter airline, NAB hikes dividend after earnings jump
The ASX 200 closed 0.8 per cent higher, up 60 points to 7364.7, its first gain this week, with all sectors closing higher aside from finance. Miners such as Fortescue provided the biggest boost, alongside energy and tech stocks.
- by Jessica Yun and Colin Kruger
As it happened: ASX runs out of steam, retail sales hit a record high, JB Hi-Fi sales boom fails to impress
The ASX 200 has surrendered its early gains to close 0.2% lower, 11.5 points to 7,304.7, with mining stocks like Fortescue and BHP dragging on market. Bumper trading updates from JB Hi-Fi and Flight Centre also failed to impress investors.
- by Colin Kruger
As it happened: ASX slumps after RBA raises interest rates, Woolies sales up 9.7%, miners in retreat
The ASX 200 dropped 0.4% to close at 7316.2 following a slump triggered by the RBA’s decision to raise interest rates by 25 basis points. Miners like BHP, Fortescue and Rio sunk after iron ore prices slumped. It offset the rebound in tech and health stocks.
- by Colin Kruger
As it happened: Tech stocks lead ASX lower, travel stocks take flight
The ASX 200 dropped 1.2% to close 88 points lower at 7347 with all sectors lower. Tech stocks led the decline, but travel was a bright spot with good news from Qantas and Helloworld providing a boost.
- by Colin Kruger
As it happened: ASX closes 1.1% higher, PointsBet soars as US bet pays off
The ASX 200 closed at its high point for the day, up 1.1 per cent, or 78.1 poins to 7345. All sectors finished higher led by tech stocks following a big rally on Wall St overnight.Â
- by Colin Kruger