Another session where stocks were hit early before a spirited fightback saw the index little changed, recovering ~50pts from the session low. It certainly seems the market wants to go up; it just can’t get any clear air out of the Middle East. The ASX 200 finished virtually unchanged on Tuesday as weakness in the banks, consumer staples and property stocks was offset by strong gains across energy and materials.
The ASX eked out small gains to kick off the week despite oil spiking higher on fresh US-Iran strikes and conflicting statements from each side on whether the Strait of Hormuz remains open to shipping. Six of 11 sectors finished in the red, with most support at the index level coming from the banks, while Telstra (TLS) +1.6% bounced back after last weeks outage.
The ASX 200 closed higher today as a rebound in miners and a firmer bank sector offset broad losses elsewhere. Materials was the standout on the day (+2.32%) despite being the week's weakest sector over five days (-4.41%) — a sharp reversal as gold pushed toward US$4,115/oz and iron ore cleared US$99/tonne. Healthcare was the biggest drag, led lower by Pro Medicus. The index still finished the week down 0.43%, its fourth straight weekly decline.
The ASX closed lower on Thursday as a fresh surge in oil prices reignited inflation fears, after Donald Trump said the Iran ceasefire was effectively "over" and the US struck Iran for a second consecutive day. The ASX 200 fell as much as ~50pts intraday before rallying through the afternoon to finish down just 22pts – another solid fight back.
The ASX 200 finished modestly lower after recovering from an early 1.4% decline, with strength across Energy and Financials helping the market claw back losses following renewed geopolitical tensions in the Middle East.
The ASX 200 whipsawed through the morning session, initially lower but then charging back to positive territory before ultimately falling away for the day. Samsung's quarterly result sparked a broad "sell-the-news" reaction across Asian semiconductor stocks which triggered Nasdaq futures selling, weighing on sentiment locally.
The ASX 200 eased today in what was a relatively subdued start to the week, with the market spending most of the session oscillating around the flatline before sellers gradually gained the upper hand into the afternoon. There was little in the way of macro catalysts, leaving investors to rotate away from the heavyweight Banks and Miners that drove Friday's rally and back toward Healthcare, Technology and Energy.
The ASX 200 finished the week on a strong note, rallying as investors embraced weaker-than-expected US employment data that reinforced the view the Federal Reserve may be nearing the end of its tightening cycle. The market opened firmly higher, grinding up before holding its gains through to the end of the session, with buying broad-based across the index as nine of the eleven sectors finished in positive territory.
The ASX finished little changed on Thursday, recovering from a weak open with the index down -0.7% in early trade, as a bounce in the banks offset broad-based weakness across the local bourse.
The ASX kicked off FY27 with a disappointing start, with heavy selling across the banks and consumer staples proving too much to overcome despite a solid rebound in the resources sector. The market drifted lower through the session as investors locked in profits from some of FY26's biggest winners, while strength in Materials and Healthcare provided little support against broad-based weakness elsewhere.
The ASX eked out small gains to kick off the week despite oil spiking higher on fresh US-Iran strikes and conflicting statements from each side on whether the Strait of Hormuz remains open to shipping. Six of 11 sectors finished in the red, with most support at the index level coming from the banks, while Telstra (TLS) +1.6% bounced back after last weeks outage.
The ASX 200 closed higher today as a rebound in miners and a firmer bank sector offset broad losses elsewhere. Materials was the standout on the day (+2.32%) despite being the week's weakest sector over five days (-4.41%) — a sharp reversal as gold pushed toward US$4,115/oz and iron ore cleared US$99/tonne. Healthcare was the biggest drag, led lower by Pro Medicus. The index still finished the week down 0.43%, its fourth straight weekly decline.
The ASX closed lower on Thursday as a fresh surge in oil prices reignited inflation fears, after Donald Trump said the Iran ceasefire was effectively "over" and the US struck Iran for a second consecutive day. The ASX 200 fell as much as ~50pts intraday before rallying through the afternoon to finish down just 22pts – another solid fight back.
The ASX 200 finished modestly lower after recovering from an early 1.4% decline, with strength across Energy and Financials helping the market claw back losses following renewed geopolitical tensions in the Middle East.
The ASX 200 whipsawed through the morning session, initially lower but then charging back to positive territory before ultimately falling away for the day. Samsung's quarterly result sparked a broad "sell-the-news" reaction across Asian semiconductor stocks which triggered Nasdaq futures selling, weighing on sentiment locally.
The ASX 200 eased today in what was a relatively subdued start to the week, with the market spending most of the session oscillating around the flatline before sellers gradually gained the upper hand into the afternoon. There was little in the way of macro catalysts, leaving investors to rotate away from the heavyweight Banks and Miners that drove Friday's rally and back toward Healthcare, Technology and Energy.
The ASX 200 finished the week on a strong note, rallying as investors embraced weaker-than-expected US employment data that reinforced the view the Federal Reserve may be nearing the end of its tightening cycle. The market opened firmly higher, grinding up before holding its gains through to the end of the session, with buying broad-based across the index as nine of the eleven sectors finished in positive territory.
The ASX finished little changed on Thursday, recovering from a weak open with the index down -0.7% in early trade, as a bounce in the banks offset broad-based weakness across the local bourse.
The ASX kicked off FY27 with a disappointing start, with heavy selling across the banks and consumer staples proving too much to overcome despite a solid rebound in the resources sector. The market drifted lower through the session as investors locked in profits from some of FY26's biggest winners, while strength in Materials and Healthcare provided little support against broad-based weakness elsewhere.
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