The ASX 200 fell 22 points (-0.27%) to 8243, marking a second consecutive day of losses amid disappointing Chinese stimulus and concerns over potential tariffs from Donald Trump. Despite this, Australian consumer and business confidence indexes showed significant gains, with the Westpac-Melbourne Institute consumer sentiment index rising 5.3% to 94.6, its highest in two and a half months. Mining stocks, particularly uranium miners like Paladin Energy, faced steep declines, while consumer-facing stocks like Cettire and Temple & Webster saw gains. The banking sector showed mixed results, with ANZ up 1.43% while NAB fell 3.33% after going ex-dividend.
The ASX 200 reached a record high of 8331.70 on 15 October 2024, driven by gains in resource and technology stocks, despite a decline in energy shares due to falling crude oil prices. Major banks also showed recovery, while uranium stocks surged following Alphabet Inc.'s investment in nuclear power. Energy stocks fell as crude oil prices dropped over 5%, influenced by OPEC's lowered demand forecasts and reduced oil imports from China. The index's performance suggests a potential upward trend if it maintains a close above 8300/10.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.