Australian shares post biggest daily gain in five years
Australian shares have rebounded strongly after US President Donald Trump delayed his latest round of tariffs as the US-China trade war escalates.
Australian shares have rebounded strongly after US President Donald Trump delayed his latest round of tariffs as the US-China trade war escalates.
The Australian share market has closed lower but recovered from an early bloodbath after worse-than-expected US tariffs spooked investors.
Wall Street has shuddered to a level of shock unseen since COVID-19's outbreak over worries about the economic damage of Donald Trump's latest set of tariffs.
Equity markets are a sea of red following US President Donald Trump's "Liberation Day" tariff announcements and their likely impact on global growth.
US stocks closed for their worst week since 2020 after China retaliated against US President Donald Trump's tariffs.
As global financial markets plunge, sparking fears of a global trade war and recession, Donald Trump has doubled down on administering US tariff "medicine".
Asian and European shares have plunged as US tariffs and China's backlash send world markets into meltdowns.
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 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 closed half a per cent higher as trading resumes following the New Year's Day holiday.
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.
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 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 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.
Every sector of the ASX has lost ground as Australian shares tumbled in their worst collective daily loss since early September.
The ASX200 climbed a few points above its intraday record high set on August 1, a day after setting a new record closing high.
The ASX200 rose 0.3 per cent to close at its highest level before expected interest rate cuts by the US Federal Reserve.
The ASX200 fell 1.9 per cent to an almost three-week low, with the energy and materials sectors dropping three per cent.
MSCI's broadest index of Asia-Pacific shares outside Japan was 0.2 per cent higher on Thursday.
Japan's Nikkei 225 share index has plunged dramatically after heavy selling triggered by fears the US economy could be in worse shape than expected.
The Australian share market has suffered its biggest daily sell-off in more than four years, amid growing fears of a hard landing for the US economy.
The ASX200 rose 1.1 per cent to finish above 7,800 for the first time after more talk of rate cuts as soon as June in the US and Europe.
The ASX200 has closed at a new record high, boosted by cooler-than-expected inflation data that raises the chances of quicker rate hikes.
The ASX200 made its biggest daily gain in more than a year as lower-than-expected GDP growth signals the RBA's rate rises are having their intended effect.
The ASX200 closed down 0.9 per cent despite the Reserve Bank's decision to keep interest rates on hold at its final meeting of 2023.
The ASX200 had a strong afternoon, turning around its slight morning losses to close the day up 0.74 per cent.
The ASX200 was down 0.1 per cent at midday as choppy trading continues but November is on track to be index's second-best month of the year.
US indices have made their biggest gains since late April amid indications interest rate hikes may be at an end.
The local share market has fallen 1.4 per cent to close at its lowest level since early July after the Federal Reserve sounded hawkish on interest rates.
The Australian share market closed down 0.7 per cent to a five-week low, while the local currency had dropped under 64 US cents on a weak jobs report.