Australian shares jump to 11-week high as travel stocks rebound from coronavirus
4 years, 9 months ago

Australian shares jump to 11-week high as travel stocks rebound from coronavirus

ABC  

Australian shares have jumped to their highest value in almost three months as optimistic investors focused on the COVID-19 economic recovery, rather than US-China tensions. Key points: The Australian share market has dropped 21.6pc since its February record high But it has also surged 23.5pc from its lows in March The Australian dollar traded between 65.24 and 65.48 US cents on Monday The ASX 200 index leapt 2.2 per cent to close at 5,616 points. Nine sells NZ business for 61 cents Nine's share price surged 7.3 per cent to $1.47 after the broadcaster sold its New Zealand media business, Stuff, for the paltry sum of 61 cents. This was after the Bureau of Statistics published preliminary trade data, showing Australia's exports had dropped 12 per cent in April to $31.4 billion — a sharp fall compared to March's record high. "The National People's Congress announced economic measures were interpreted less dovish than expected and proposed security legislation for Hong Kong weighed on sentiment," Mr Innes said.

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History of this topic

Australia shares edge higher from seven-month lows as bargain hunters step in
1 week, 4 days ago

Australia shares edge higher from seven-month lows as bargain hunters step in

Live Mint  

March 13 - Australian shares eked out modest gains on Thursday, rebounding from a seven-month low, as investors took advantage of recent weakness to buy the dip after U.S. President Donald Trump's tariff debacle sent markets substantially lower. However, markets continued to weigh the downside risks of an escalating global trade war, triggered by U.S. President Donald Trump's latest tariff …

Australia shares snap 3-day losing run as miners, energy stocks gain
2 months, 1 week ago

Australia shares snap 3-day losing run as miners, energy stocks gain

Live Mint  

Jan 14 - Australian shares snapped a three-day losing streak on Tuesday, with miners and energy companies leading the gains on strong underlying commodity prices. Heavyweight miners gained 0.8%, the highest since Dec. 18, 2024, after iron ore prices hit more than two-week high as revived hopes of more stimulus from top buyer China boosted sentiment. Energy stocks extended their …

Australian shares fall as banks and miners drag
2 months, 3 weeks ago

Australian shares fall as banks and miners drag

Live Mint  

Dec 30 - Australian shares fell on Monday after three straight sessions of gains, as index heavyweight banks retreated and mining stocks declined on weak underlying commodity prices. The benchmark has risen 8.4% so far this year, heading for a second straight session annual gain, even though investors were worried about an uneven economic recovery in Australia's top trading partner …

Miners, healthcare stocks lift Australian shares to record high; New Zealand at 3-year peak
3 months, 3 weeks ago

Miners, healthcare stocks lift Australian shares to record high; New Zealand at 3-year peak

Live Mint  

Nov 25 - Australian shares touched an all-time high on Monday, boosted by healthcare and commodity stocks, while New Zealand's benchmark index hit a near three-year high on hopes of an interest-rate cut later this week. Brent crude futures rose 0.21% to $75.33 a barrel, while U.S. West Texas Intermediate crude gained 0.21% to $71.39 per barrel. Among individual stocks, …

No sign of 'outright price gouging' as ASX companies report mega profits, analyst says
1 year ago

No sign of 'outright price gouging' as ASX companies report mega profits, analyst says

ABC  

There was quite a bit of pessimism among Australia's largest companies ahead of the February reporting season, which has just wrapped up. Despite those risks, most publicly-listed companies managed to report "better than feared" financial results, as one market analyst put it, which has helped push the Australian share market to new record highs. "It's a sector that's done uniformly, …

Stock market today: Asian shares climb, tracking advance on Wall Street in final week of 2023
1 year, 2 months ago

Stock market today: Asian shares climb, tracking advance on Wall Street in final week of 2023

Associated Press  

Asian shares advanced on Wednesday, tracking Wall Street gains as markets there reopened for what’s expected to be a quiet, holiday-shortened week of trading. Hong Kong’s Hang Seng index rose 1.9% to 16,661.00 and the Shanghai Composite gained 0.6% to 2,915.05 with Chinese video gaming companies, including Tencent and NetEase, recouping losses in the first Hong Kong trading session after …

Wall Street a mixed bag ahead of rate hike decision, as ASX ends up
2 years, 7 months ago

Wall Street a mixed bag ahead of rate hike decision, as ASX ends up

ABC  

Australian shares have risen on Tuesday, despite Wall Street wavering ahead of another likely rate hike later this week. Over the past five days, the ASX 200 has gained 2.4 per cent, but is down almost 9 per cent for the last year to date. ASX up as Wall Street jitters continue In the US, the S&P 500 gained a …

How Afterpay went from zero to $39 billion thanks to loyal millennials, powerful lobbyists and the COVID-19 pandemic
3 years, 7 months ago

How Afterpay went from zero to $39 billion thanks to loyal millennials, powerful lobbyists and the COVID-19 pandemic

ABC  

For most global businesses, the COVID-19 pandemic has been nothing short of a train wreck. The $39 billion takeover of buy now, pay later darling Afterpay by US payments giant Square may have seemed unfathomable more than a year ago, when the company's share price tanked at around $8.90. "It turned out, COVID-19 meant e-commerce was about to get a …

ASX gains as GDP rebounds, despite tech-led Wall St sell-off
4 years ago

ASX gains as GDP rebounds, despite tech-led Wall St sell-off

ABC  

The Australian share market ended Wednesday on an upbeat note as GDP figures show that Australia's economy is recovering from the shock hit of COVID-19. Key points: ASX 200 gained 0.8 per cent on Wednesday Promising GDP figures follow other economic indicators showing gains this week The Nasdaq fell 1.7pc, the S&P 500 0.8pc and the Dow Jones 0.5pc The …

ASX suffers worst day in almost six months; Dow Jones falls 560 points as GameStop rebounds again
4 years ago

ASX suffers worst day in almost six months; Dow Jones falls 560 points as GameStop rebounds again

ABC  

Australian shares have wiped out nearly all of this month's gains, following a tech sell-off on Wall Street — though "meme stocks" like GameStop defied the trend with another massive surge overnight. Key points: Despite today's losses, the ASX 200 has risen 1.3pc since the year began The Australian dollar hit a three-year high, before dropping sharply The Nasdaq suffered …

Bitcoin surges to another record high; Australian shares rise as global market rally slows down
4 years, 1 month ago

Bitcoin surges to another record high; Australian shares rise as global market rally slows down

ABC  

Australian shares have recovered some of Wednesday's losses, while bitcoin hit another record high and US markets took a breather after rising sharply for several days. Key points: Bitcoin climbed as high as $US48,226, after surging in the past year Consumer sentiment has risen to 109.1 points CBA's half-year profit dropped, but it will pay an interim dividend of $1.50 …

Australian shares jump on tech rally, as Nasdaq climbs to record high
4 years, 7 months ago

Australian shares jump on tech rally, as Nasdaq climbs to record high

ABC  

Australian shares have surged nearly 2 per cent, boosted by an expansion in the US manufacturing industry and a rally in technology stocks on Wall Street. Key points: With today's gains included, the ASX 200 has fallen about 10pc since the year began Retail sales lifted 2.7pc in June, before Melbourne's lockdown worsened Donald Trump has threatened to ban TikTok …

Australia shares creep higher despite spike in virus cases
4 years, 8 months ago

Australia shares creep higher despite spike in virus cases

Live Mint  

Australian shares closed marginally higher on Friday, helped by gains in mining and material stocks even as concerns over rising coronavirus cases kept many investors on the sidelines. Mining stocks climbed 0.8%, led by a 4.4% rise in Alumina Ltd. South32 Ltd advanced 4.2%, while Rio Tinto closed 0.6% higher after touching a near six-month high earlier in the day. …

ASX gains as miners rally and consumer sentiment deteriorates on concerns COVID-19 hit won't be short lived
4 years, 8 months ago

ASX gains as miners rally and consumer sentiment deteriorates on concerns COVID-19 hit won't be short lived

ABC  

The Australian share market has risen strongly, led by gains for mining stocks, with the benchmark index pushing back above 6,000 points Key points: The ASX 200 rose back above 6,000 points in early trade Gold miners were among the best performers after the spot gold price rose overnight In the US, JP Morgan Chase, Citigroup and Wells Fargo set …

Australian share market rises, dollar comes off five-month high
4 years, 9 months ago

Australian share market rises, dollar comes off five-month high

ABC  

The Australian share market rose this session but ended off its early highs, after a strong session on Wall Street. Key points: The major US share indices gained between 0.8 and 2.05pc last night The Nasdaq is now just 1.4pc from its record high set in February, the S&P 500 still 7.8pc off The Australian dollar has eased back from …

Australian share market rises as Qantas shares rally, Wall Street rebounds on tech gains
4 years, 10 months ago

Australian share market rises as Qantas shares rally, Wall Street rebounds on tech gains

ABC  

The Australian share market has closed higher, led by energy stocks, while Qantas shares rose after the airline took on more debt to get through the coronavirus crisis. Key points: The Australian share market has opened higher, led by the energy sector The Australian share market has opened higher, led by the energy sector Qantas shares have rallied after it …

Banks drag Australian market lower, IMF warns wartime measures are needed due to coronavirus fallout
4 years, 11 months ago

Banks drag Australian market lower, IMF warns wartime measures are needed due to coronavirus fallout

ABC  

The Australian share market has fallen, led by the major banks, after the International Monetary Fund told governments to enact wartime measures to fight the coronavirus pandemic. Key points: The ASX 200 lost 2 per cent and the All Ordinaries index fell by 1.9 per cent Bank stocks are under pressure as New Zealand stops banks paying dividends in order …

Australian shares plunge again as businesses shut and US Congress bickers over coronavirus stimulus package
5 years ago

Australian shares plunge again as businesses shut and US Congress bickers over coronavirus stimulus package

ABC  

Australian shares have lost nearly $100 billion in a day of volatile trade after the country shut down parts of its economy and more states shut their borders. Key points: The ASX 200 lost further value, putting it back to where it was in late November 2012 The Australian dollar is trading at a near 17-year low Global rating agency …

Asia shares seek calm as Wall Street ekes out gains; bonds rally, oil bounces back, dollar rush causes stress
5 years ago

Asia shares seek calm as Wall Street ekes out gains; bonds rally, oil bounces back, dollar rush causes stress

Firstpost  

The dollar’s surge is a nightmare for the many countries and companies that have borrowed heavily in the dollar, leading to yet more selling of emerging market currencies in a negative feedback loop. “The dollar remains the pre-eminent safe-haven asset during time of extreme market stress.” The dollar’s surge is a nightmare for the many countries and companies that have …

Australian share market rebounds after worst plunge since 1987
5 years ago

Australian share market rebounds after worst plunge since 1987

ABC  

The local share market has unexpectedly surged, attempting to rebound from Monday's panic sell-off, which was its worst day since the 1987 Black Monday crash. Key points: The ASX rebounded after suffering its worst losses since the 1987 crash Travel-related stocks are still falling sharply The Australian dollar is steady at 61.2 US cents The ASX 200 has recouped some …

Coronavirus : Australian stocks could drop 50% from peak in worst case, says report
5 years ago

Coronavirus : Australian stocks could drop 50% from peak in worst case, says report

Live Mint  

Distress over the coronavirus and an oil price war might see Australia’s benchmark stock index plunge 50% from its record by the end of 2020, according to IG Markets. Australian shares crashed into a bear market Wednesday, just 14 trading days after hitting a record, as a slump in crude following the demand shock from coronavirus was compounded by an …

ASX carried away in global coronavirus share rout after Dow plunges 1,100 points
5 years ago

ASX carried away in global coronavirus share rout after Dow plunges 1,100 points

ABC  

Australia's share market has joined Wall Street in a correction, falling more than 10 per cent since their recent record highs, while the Australian dollar plumbed a fresh 11-year low. Key points: The benchmark Australian ASX 200 share index closed down 3.25 per cent ASX has had a 10 per cent "correction" in the space of just a week — …

ASX bounces back from early slump after Dow Jones posts worst fall in two years
5 years ago

ASX bounces back from early slump after Dow Jones posts worst fall in two years

ABC  

The Australian share market has clawed back some lost ground after an early plunge saw more than $100 billion wiped off the value of local stocks in just two days. ASX at the close: ASX 200 index closed down 1.6pc at 6,867, after initially dropping about 2.5pc Some companies that were hard hit in early trade rallied to finish the …

Australian share market tumbles in broad sell-off as investors fear coronavirus spread
5 years, 1 month ago

Australian share market tumbles in broad sell-off as investors fear coronavirus spread

ABC  

The Australian share market has tumbled, with investors rattled by concerns about the spread of the coronavirus outbreak, and the selling could continue, with US futures sharply lower. ASX at Monday's close : The ASX 200 index lost 2.25 per cent, falling back below 7,000 points The energy sector hit its lowest level since October as crude oil prices fell …

Australian shares dip on coronavirus fears, despite fresh Wall St records
5 years, 1 month ago

Australian shares dip on coronavirus fears, despite fresh Wall St records

ABC  

China's plans to cut tariffs on some US imports have failed to boost the local share market, despite fresh record highs on Wall Street overnight. Market snapshot at 12:30pm : ASX SPI futures — 0.5pc at 6,947, ASX 200 +1.1 pc at 7,049 AUD: 67.1 US cents, 51.9 British pence, 61.1 Euro cents, 73.8 Japanese yen, $NZ1.041 US: Dow Jones …

ASX bounces back from coronavirus sell-off, but Treasury Wine walloped
5 years, 1 month ago

ASX bounces back from coronavirus sell-off, but Treasury Wine walloped

ABC  

Australian shares are recovering some of Tuesday's heavy losses as overseas investors took a slightly less pessimistic view of China's coronavirus outbreak and its economic fallout. Key points: ASX 200 index is up 0.6 per cent at 7,038 The gains are less than half of yesterday's 1.4 per cent slide Wall Street's benchmark S&P 500 index had a stronger 1 …

Shares drop sharply on rising coronavirus concerns
5 years, 1 month ago

Shares drop sharply on rising coronavirus concerns

ABC  

The Australian share market is down about 1.5 per cent, as it follows global bourses lower on fears about the rapidly escalating Chinese coronavirus outbreak. Key points: The Australian share market was down 1.6 per cent in the first half hour of trade Travel, entertainment and retail stocks had large falls on concerns about the drop-off in Chinese visitors Mining …

Apple sheds $US50b in value, Wall St drop sparks losses across Australian and Asian markets
6 years, 4 months ago

Apple sheds $US50b in value, Wall St drop sparks losses across Australian and Asian markets

ABC  

The Australian share market has closed lower after a session in the red, following a heavy sell-off on Wall Street sparked by falls for Apple and technology stocks. Apple was a major drag on Wall Street overnight, with its share price slumping 5 per cent to $US194.17, wiping out its gains from the past three months. The Dow Jones dropped …

Nasdaq hits record high, boosted by Facebook, Google and Amazon
6 years, 8 months ago

Nasdaq hits record high, boosted by Facebook, Google and Amazon

ABC  

Wall Street and European markets made solid gains overnight, and Australian shares are expected to follow their positive momentum. Markets at 7:30am : ASX SPI 200 futures +0.4pc to 6,180, ASX 200 -0.6pc at 6,204 AUD: 73.84 US cents, 56.3 British pence, 63.31 Euro cents, 83.36 Japanese yen, $NZ1.09 US: Dow Jones +0.2pc at 25,120, S&P 500 +0.4pc at 2,810, …

Australian dollar surges amid Brexit turmoil, Wall Street jumps on high expectations
6 years, 8 months ago

Australian dollar surges amid Brexit turmoil, Wall Street jumps on high expectations

ABC  

Australian shares are expected to lift in early trade, following Wall Street's and Europe's strong gains. Markets at 7:15am : ASX SPI 200 futures +0.4pc to 6,267, ASX 200 +0.2pc at 6,286 AUD: 74.64 US cents, 56.31 British pence, 63.51 Euro cents, 82.72 Japanese yen, $NZ1.09 US: Dow Jones +1.3pc at 24,777, S&P 500 +0.9pc at 2,784, Nasdaq +0.9pc at …

Trade war 'might' benefit Australia, as ASX outperforms global markets
6 years, 8 months ago

Trade war 'might' benefit Australia, as ASX outperforms global markets

ABC  

Australian shares ended the financial year on a surprisingly strong note — despite a potential trade war and the impact of the banking royal commission. ASX 200 S&P 500 FTSE 100 Shanghai composite Year ended 29 June +6.5pc +12.3pc +3.6pc -10.7pc Year to date +2.5pc +1.6pc -1pc -14.7pc Past quarter +8pc +2.9pc +7.9pc -11pc Month to date +3pc +0.4pc -0.9pc …

ASX to open lower, despite optimism over Wall Street earnings and Dow Jones hitting new record
7 years, 8 months ago

ASX to open lower, despite optimism over Wall Street earnings and Dow Jones hitting new record

ABC  

Wall Street finished higher for a second straight day, with the Dow Jones posting a new record high. Market snapshot at 8:50am : ASX SPI 200 futures -0.16pc to 5,684, ASX 200 AUD: 77.3 US cents, 59.7 British pence, 67.8 euro cents, 87.6 Japanese yen, NZ$1.06 US: Dow Jones +0.1pc at 21,553, S&P 500 +0.2pc at 2,448, Nasdaq +0.3pc at …

ASX: Australian shares gain 7pc over 2016 on resources rebound
8 years, 2 months ago

ASX: Australian shares gain 7pc over 2016 on resources rebound

ABC  

The Australian share market posted a capital gain of 7 per cent in 2016, its best performance in three years. The average global share rise was 10 per cent, with the MSCI index of major world markets a little below that, meaning domestic investors broadly tracked international gains. The Dow Jones Industrial Average of 30 large blue chip companies rose …

Market close: ASX finishes lower as investors punish Telstra and banks
8 years, 7 months ago

Market close: ASX finishes lower as investors punish Telstra and banks

ABC  

The Australian share market has fallen for a second day in a row as investors punished Telstra and the big banks for their latest earnings reports. Markets at 5:51pm ASX 200 +0.6% to 5,508, All Ords +0.5% to 5,599 Major gains: Mesblast +14.2% to $1.45, AHG +7% to $25.96, Oz Minerals +4.2% to $6.64 Major losses: AMP -3.8% to $5.65, …

Australian shares lose $33b after Chinese market slumps again
9 years, 2 months ago

Australian shares lose $33b after Chinese market slumps again

ABC  

Australian shares shed more than $33 billion in value, after another slump on China's mainland markets saw trading suspended for the second time this week. Key points: China's CSI 300 index falls more than 7 per cent, triggering automatic trading halt Shares slump after China devalues the yuan 0.5 per cent against the US dollar ASX 200 down 2.2 per …

Australian shares increase losses in afternoon trade, China stabilises
9 years, 2 months ago

Australian shares increase losses in afternoon trade, China stabilises

ABC  

Australian stocks are following steep falls on Wall Street overnight, while Chinese share markets have stabilised as the result of government intervention. Key points: ASX falls more than 1 per cent at the open Wall St's benchmark S&P 500 index closed 1.5 per cent lower overnight Chinese stocks fell 7 per cent yesterday, futures market opens 12:15pm At one stage …

Australian stocks bounce back as Chinese shares recover from early rout
9 years, 7 months ago

Australian stocks bounce back as Chinese shares recover from early rout

ABC  

The Australian share market has recovered from early falls, as China's main share markets bounced back from steep opening losses during the session. Major share markets across Europe and the US fell overnight after the Shanghai composite index fell dramatically in its last hour of trade yesterday to close 8.6 per cent lower, with most of the losses posted after …

Australian stocks rise as bargain hunters move in after falls on back of China, Greece concerns
9 years, 8 months ago

Australian stocks rise as bargain hunters move in after falls on back of China, Greece concerns

ABC  

The Australian share market has recouped most of the trading losses of the previous two sessions as bargain hunters moved in. The All Ordinaries Index rose nearly 2 per cent or 101 points to 5,564, while the ASX 200 rose 106 points to 5,581. National Australia Bank, which is hoping to sell its troubled Clydesdale Bank in the UK this …

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