Tag: ASX
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WiseTech offices raided by AFP and ASIC in share trading probe
Overview: Authorities raid WiseTech offices amid trading allegations The Australian Federal Police (AFP) and the Australian Securities and Investments Commission (ASIC) have conducted a raid on a WiseTech Global office in Sydney. The action, executed under a search warrant, focused on documents related to alleged trading in WiseTech shares by co-founder Richard White and three…
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Pocket Relief for Australians? The Insurance Sell-Off and What It Means for Prices at Home
Australian insurers bear the brunt of a global premium slowdown The Australian insurance sector faced a sharp wave of selling on Friday as investors reevaluated growth prospects in a market defined by shifting global dynamics. Stock prices for major Australian insurers dipped after a week that saw analysts mark down valuations in response to a…
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Markets Live: ASX Poised Higher Despite Trump-China Tensions
ASX set for a higher open as tensions ripple through global markets Australian investors are waking to a cautiously optimistic mood, with ASX futures pointing to a roughly 0.8% gain in early trade. The bounce comes despite a roller-coaster session on Wall Street, where renewed U.S.-China tensions triggered sharp moves in equities, currencies, and precious…
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ASX Set to Rise as Markets Digest Trump’s China Threat and Bank News
ASX Outlook: Quiet Optimism Despite Global Turbulence The Australian share market is poised to start higher, with ASX futures signaling a roughly 0.8% gain in early trade. The move comes as traders balance domestic headlines—ranging from proposed superannuation tax changes to bank capital reforms—with a willingness to lean into positive momentum from periodic relief rallies…
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Markets Live: ASX Set to Rise Amid Trump-China Tensions
Markets Live: ASX Set to Rise Amid Global Tensions The Australian share market is poised to open higher, with ASX futures suggesting a 0.8% gain in early trade, even as global markets wrestle with fresh tensions between the United States and China. Traders are weighing the latest moves from Washington and Beijing against a mixed…
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Markets live updates: ASX set to rise as Wall Street hits fresh records and Fed split on rates
Markets poised for gains as global cues point higher The Australian share market is expected to nudge higher this trading session, tracking fresh records on Wall Street and signals from the Federal Reserve that point to a cautious path on interest rates. Traders are weighing domestic policy debates, a major taxpayer bailout for a Queensland…
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Markets Rally on Global Cues as Fed Splits on Rates and Australia Signals Smiles from Industry Aid
Markets edge higher on mixed signals from the US and a domestic policy boost The Australian stock market is set to open higher as Wall Street logged fresh records and investors weighed the latest from the US Federal Reserve. Markets live updates show a cautious but hopeful mood, with the ASX poised to rise on…
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ASX Trades Lower as Banks Decline; Gold Miners Surge
ASX Market Overview The Australian Securities Exchange (ASX) is experiencing a downturn in early trading, with the S&P/ASX 200 index dropping 14.9 points, or 0.2%, to settle at 8815.5 as of 11:04 AM AEST. This decline can largely be attributed to a notable downturn in the banking and financial sectors, which have weighed heavily on…
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ASX Declines as Banks Weigh Down; Gold Miners Surge
ASX Overview The Australian sharemarket began the week on a downward note, with the S&P/ASX 200 index showing a decrease of 14.9 points or 0.2 percent, settling at 8815.5 points. This decline was primarily driven by drops in financial and health sectors, raising concerns among investors about the broader economic implications. Impact of Banks on…
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ASX Trades Lower Amid Bank Declines, Gold Miners Rise
ASX Overview The Australian Securities Exchange (ASX) is experiencing a dip in early trading today, attributed mainly to a decline in the banking sector. As investors evaluate the current financial landscape, these shifts highlight the complex interactions within the market. As of 11:04 AM AEST, the S&P/ASX 200 index was down 14.9 points or 0.2%…