Friday 9th August - ASX +91pts, NCK, 350, REA & QBE - Market Matters

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09/08/2024

Friday 9th August – ASX +91pts, NCK, 350, REA & QBE

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The Match Out: ASX gains while US & China play chicken on trade policy

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The ASX 200 sprang out of the blocks on Wednesday after the stunning reversal on Wall Street following bullish rhetoric from US President Donald Trump and Treasury Secretary Scott Bessent. The local index may have drifted slightly in the afternoon, but it still closed up over 100 points on broad-based gains outside of the gold sector - more on this later.

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