World markets
Updated
Sharemarket
ASX closes at record high on rate cut hopes
The Australian sharemarket has risen after tech stocks drove a rally on Wall Street amid expectations that long-sought cuts to interest rates will be arriving soon.
- by Penry Buckley
Latest
Updated
Wall Street
$500 billion in a day: Nvidia’s Wall Street record sends founder up the rich list
Nvidia’s wild Wall Street ride this week has continued with a record day - and a windfall for Jensen Huang.
- by Subrat Patnaik
China’s richest man risks losing crown after $20 billion wipeout
Besieged by a price war in China’s bottled water market, Zhong Shanshan’s company has found itself on the wrong side of the country’s increasingly nationalistic consumers.
- by Bloomberg News
Updated
Wall Street
ASX closes in the green as miners post healthy gains
The Australian sharemarket has managed to close out the week on a high with mining stocks doing the heavy lifting, as iron ore heavyweights - Rio Tinto, BHP and Fortescue - enjoyed solid sessions.
- by Staff reporters
Updated
Wall Street
ASX hits two-week low after Wall Street suffers worst day since 2022
The Australian sharemarket posted a poor session, with investors bailing on the local tech sector, Macquarie and Fortescue.
- by Sumeyya Ilanbey and Millie Muroi
Opinion
Opinion
$1.1 trillion wipeout: Wall Street just got hit with a reality check
Wall Street has been riding an AI wave, but it just recorded its worst day since 2022 after investors were spooked by results from two of the world’s biggest companies.
- by Stephen Bartholomeusz
Updated
Shares
ASX steps up as Big Tech again drives Wall Street higher
Technology and healthcare stocks lifted the local sharemarket on Tuesday after US equities closed broadly higher overnight.
- by Millie Muroi
ASX dips, tech stocks fall after Nasdaq has its worst day since 2022
Local technology shares tracked their US peers lower, dragging down the ASX benchmark on Thursday, with interest-rate sensitive sectors also sliding amid the sell-off.
- by Millie Muroi
Updated
Wall Street
ASX hits new high as property and tech stocks rise
Interest rate-sensitive tech and property stocks pushed the Australian sharemarket into record territory on Wednesday, as investors bet on the US Federal Reserve cutting interest rates sooner rather than later.Â
- by Sumeyya Ilanbey
Wall Street ramps up ‘Trump trade’ after attack; ASX dips below 8000 points
Mining stocks dragged down the Australian shares benchmark on Tuesday, while on Wall Street the ‘Trump trade’ gained momentum, pushing US share indices to record highs.
- by Millie Muroi
ASX posts another record after US shares surge on rate-cut hopes
The Australian shares benchmark hit a second consecutive high after Wall Street’s main indices surged on Friday on the back of expectations that US interest rates would soon be cut.
- by Millie Muroi and Jessica Yun