Australia shares post weekly loss as China’s stimulus dampens mining appetite
4 months, 2 weeks ago

Australia shares post weekly loss as China’s stimulus dampens mining appetite

Live Mint  

* Benchmark index down 0.2% for week * Mining stocks post worst week in over 2 years * Energy sub-index declines by 2.1% By Rishav Chatterjee Nov 15 - Australian shares rose on Friday but ended the week marginally lower as miners slumped, reflecting dampened investor appetite after the country's top trading partner China unveiled its latest stimulus package. The S&P/ASX 200 index ended the session up 0.7% to 8,279.2 points, led by banking stocks as the local central bank continued to point towards high inflation, scrapping any expectations of an early rate cut. Investors have been moving out of mining and energy stocks through the week, as concerns around China's $1.40 trillion stimulus package unveiled over the last weekend were compounded by Donald Trump winning the U.S. presidential election. Energy shares closed down 2.1% for the week, as investors read through OPEC's downside revision for demand growth, a stronger U.S. dollar and the Chinese stimulus.

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History of this topic

Australia shares lean into correction territory as US tariff tensions loom
2 weeks, 5 days ago

Australia shares lean into correction territory as US tariff tensions loom

Live Mint  

March 12 - Australian shares extended losses on Wednesday to briefly enter correction territory, as investor appetite dampened after local media reported that the White House had confirmed no exemptions for Australia from U.S. steel and aluminium tariffs. Local media reported that Australia will not be exempt from U.S. steel and aluminium tariffs that President Donald Trump's administration will impose …

Australian shares drop on weak profits from iron ore giants
1 month, 1 week ago

Australian shares drop on weak profits from iron ore giants

Live Mint  

* Rio Tinto down 3% on smallest profit since 2019 * Fortescue tanks 7% * Wesfarmers, Telstra gain more than 3% * Air NZ announces NZ$100 million buyback Feb 20 - Australian shares fell 1% in their fourth consecutive session of losses on Thursday, as iron ore mining giants Rio Tinto and Fortescue slumped to multi-week lows after reporting weaker-than-expected …

Australia shares snap 3-day losing run as miners, energy stocks gain
2 months, 2 weeks 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
3 months 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
4 months 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, …

Australia shares fall 1% on commodity declines, CBA posts slightly better profit
4 months, 2 weeks ago

Australia shares fall 1% on commodity declines, CBA posts slightly better profit

Live Mint  

Nov 13 - Australian shares fell on Wednesday for the third consecutive session, with the mining and financial sectors declining the most, and the country's number one bank fell after it reported earnings. The mining index bore the brunt of weaker iron ore prices in top steel producer China as investors remained unconvinced of the stimulus measures to prop up …

Commodity stocks drag Australian shares lower on China stimulus letdown
4 months, 2 weeks ago

Commodity stocks drag Australian shares lower on China stimulus letdown

Live Mint  

Nov 12 - Australian shares fell on Tuesday for a second straight session, dragged down by losses in heavyweight mining and energy stocks as China's latest stimulus plan disappointed investors seeking demand growth in the world's second-biggest economy. Iron ore prices closed lower on Monday as another round of stimulus measures by top buyer China disappointed investors who had hoped …

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. …

The Australian share market falls, miners rise as iron ore drives a record trade surplus in March
4 years, 10 months ago

The Australian share market falls, miners rise as iron ore drives a record trade surplus in March

ABC  

The Australian share market has closed lower, dragged down by the major banks, but mining stocks have risen after iron ore exports contributed to a record trade surplus in March. Key points: The Australian share market has closed lower, weighed down by the banks, while BHP and Fortescue shares rose US markets fell less than 1 per cent, despite data …

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 …

Australian share market loses $41 billion as market drops to two-year low
6 years, 3 months ago

Australian share market loses $41 billion as market drops to two-year low

ABC  

Australian shares dropped to their lowest point in two years, amid rising US-China trade tensions and a gloomy outlook for the local economy. Any relief felt by global investors after the G20 "trade truce" was quickly undone by US President Donald Trump tweeting he was a "Tariff Man", and would be prepared to ramp up his trade war against China …

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, 8 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 …

Resources stocks drag share market as iron ore price hits fresh low
10 years, 4 months ago

Resources stocks drag share market as iron ore price hits fresh low

ABC  

A steep slide in resources stocks has dragged the Australian share market lower, with iron ore prices hitting a fresh five-and-a-half year low. The benchmark Chinese spot price fell 4 per cent yesterday to $US72.10 per tonne. Chemicals and explosives maker Orica ended up falling more than 4 per cent, giving up an initial bounce after announcing a $750 million …

Asian stocks fall for fourth day as consumer companies lead drop
10 years, 6 months ago

Asian stocks fall for fourth day as consumer companies lead drop

Live Mint  

Sydney: Asia-Pacific stocks fell a fourth day, with the benchmark index sliding to its lowest level in almost four weeks, after the Standard & Poor’s 500 Index retreated from a record and as consumer shares slipped. The MSCI Asia Pacific Index slipped 0.3% to 147.89, its lowest level since 14 August, as of 7.31pm in Hong Kong. Topix gains Japan’s …

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