Aussie market claws back ground after Wall St plunge
The Australian share market has resumed its downward trend, after dropping sharply in early trading and recovering a little in the wake of a US market sell-off.
The Australian share market has resumed its downward trend, after dropping sharply in early trading and recovering a little in the wake of a US market sell-off.
Global growth fears and trade war uncertainty continue to drive markets lower, with the local bourse losing a tenth of its value in less than four weeks.
Australian shares have edged higher as a new trading week begins, but it could be a bumpy time ahead with ongoing uncertainty over US tariffs and global growth.
Casino operator Star Entertainment is considering a new pathway out of its eye-watering debts, but it will mean handing the keys to a US casino giant.
Australian shares have continued their downward trajectory as US protectionism escalates global tensions and drives market uncertainty.
The Australian share market has fallen to its lowest level since towards the end of 2024 as uncertainty over global trade sends investors ducking for cover.
The ASX200 has finished 1.2 per cent lower to make February its worst month in more than two years after US President Donald Trump's call on tariffs.
The ASX200 has finished marginally higher at its best-ever level and set an intraday record amid a spate of corporate earnings reports.
The ASX200 has finished up 0.6 per cent to close at its highest level after CBA, Suncorp and AGL all beat earnings forecasts.
The ASX200 has fallen after US President Donald Trump said he would impose new levies on steel and aluminium imports.
The ASX200 had been up by as much as 0.8 per cent in early trading but closed slightly lower as US President Donald Trump's levies begin on China.
The ASX200 has hit a new high in intraday trading and finished just under its all-time closing record amid optimism the RBA will cut rates at its next meeting.
The ASX200 has risen almost half a per cent to finish at its highest-ever level and end January up 4.6 per cent from where it started.
Billions of dollars have been wiped from the Australian share market as it plunged to its worst loss in four months and the dollar fell to a near five-year low.
Chinese startup DeepSeek is making waves after launching a free AI assistant it says uses less data at a fraction of the cost of incumbent firms' models.
More than 250 outlets of two leading retail chains will close, costing nearly 1000 jobs, after receivers failed to find a buyer for the stores.
The ASX200 fell on Friday but finished the week 0.5 per cent higher, recovering from a slight fall during the previous five days of trading.
The ASX200 hit a four-week high after a report of cooling inflation raised hopes for Australia's first interest rate cut in four years.
The ASX200 has closed half a per cent higher as trading resumes following the New Year's Day holiday.
The ASX200 dropped 0.9 per cent on the final day of trading to finish 2024 up 7.5 per cent - an underperformance compared to its global peers.
A surprise fall in the Australian dollar to around 62 US cents could put a dent in travellers' pockets over Christmas after US markets got the wobbles.
There's a sense of euphoria among Aussie crypto enthusiasts after bitcoin broke through the $US100,000 level, and many believe the rally is just beginning.
The ASX200 finished up as bitcoin smashed through the $US100,000 mark for the first time and markets took a lead on possible rate cuts in the US.
The ASX200 was down half a per cent at midday ahead of a key US jobs report that could determine whether the Fed cuts interest rates one more time this year.
The ASX200 has fallen 0.6 per cent ahead of a key US jobs report that could determine whether the Fed cuts interest rates one more time in 2024.
The ASX200 was up 0.7 per cent to a new intraday all-time high at midday, and was also poised to close above 8,400 for the first time.
The ASX200 rose 0.3 per cent to close above 8,400 for the first time while setting an intraday record of 8,462.1.
The ASX200 was up 0.5 per cent at midday, and on track to break Monday's record for its highest closing level ever.
The ASX200 rose 0.9 per cent to record its highest ever close, with every sector except technology gaining ground.
The ASX200 finished up 0.9 per cent to set a new record closing high after climbing above 8,400 for the first time in afternoon trade.
The ASX200 was 0.4 per cent at midday, taking a breather after four days of gains as Ukraine launched US-made missiles into Russia.