The Match Out: ASX down but held up better than Futures implied

A few in the market scratching their heads this morning about the 1.5% decline in the last few hours of trade overnight, multiple reasons at play, with a big put options position as one of them, along with strong US economic data, however, the market has run hot and some profit taking met low volumes and selling fed on itself. The ASX though did better than the 1% decline futures were implying, the low for the day set early on before fighting back to end mildly lower, still ~750 points/ 11% above the 6751 low set on the 30th October. With one trading session to go before Christmas, the ASX200 is up 6.6% before dividends.

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The ASX200 recovered from early losses on Monday to end the session in positive territory, an impressive performance considering the Dow's more than 500-point drop on Friday night.

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Afternoon report 01/08/2025 17:07

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