The ASX 200 is down 17 points (-0.22%) at 8181 as traders assess the implications of the US election on the Australian economy. Concerns over potential US-China trade tensions have emerged, though Chinese fiscal stimulus may mitigate impacts. Big miners and energy stocks saw gains, while real estate and gold mining sectors faced declines due to rising global yields and a stronger US dollar. Sigma Healthcare's shares surged 23.4% following merger approval.
Sigma Healthcare Ltd. shares soared to a 17-year high after the Australian Competition and Consumer Commission approved its A$8.8 billion merger with Chemist Warehouse. The stock jumped as much as 39% following the regulator's decision, which came after addressing previous concerns about potential competition reduction in pharmacy retailing.
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