ASX closes 0.54% lower due to sell-off in tech and real estate stocks
On Tuesday, the Australian stock market experienced a decline primarily due to a sell-off in technology and real estate stocks.
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Linius Technologies’ dynamic journey to success & what lies ahead
Linius Technologies (ASX:LNU) specialises in the development and commercialisation of SaaS solutions for video, particularly for the sports market. Linius Media Solutions is a portfolio of products that enables their customers to unlock the value of their vast video archives post-live, curating and publishing higher quality content, and enabling truly personalized and immersive viewing experiences for fans.
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ASX down 0.49% at noon as Tech falls
At noon, the S&P/ASX 200 is 0.49 per cent lower at 7,042.10, primarily driven by losses in property and tech sectors.
Read MoreUS indexes snap four-day losing streak
The S&P 500 climbed on Monday to kick off the final week in September. All three major averages snapped four-day losing streaks.
Read MoreGains in tech stocks help lift ASX 0.11% at close
The ASX experienced a midday rally in tech stocks, which helped it recover from earlier losses in the materials sector, driven by concerns related to China's economic growth.
Read MoreOil surges on back of hedge fund optimism
Oil prices climbed for the second day in a row as hedge funds displayed increasing confidence in tightening global supplies, hinting at a potential resumption of the rally that briefly paused last week.
Read MoreIron robust despite property crisis
Despite China's ongoing property crisis, the demand for iron ore remains robust due to the increasing need for steel in various sectors, including electric vehicles, wind farms, ships, bridges and infrastructure projects.
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ASX down 0.38% at noon as oil prices rise
Oil prices increased for a second consecutive day, driven by hedge funds' growing confidence in tightening oil supplies.
Read MoreUS stocks retreat as Fed aims to keep rates higher for longer
US stocks retreated on Friday, concluding what has been a tough week for the market. The Dow Jones Industrial Average fell 0.31%. The S&P 500 shed 0.23%. The Nasdaq Composite slipped 0.09%.
Read MoreASX down 1.03% at noon: Australia Flash Composite PMI expands
The Judo Bank Flash Australia Composite PMI Output Index for September improved to 50.2 from August's 48.0, indicating a return to expansion in Australia's private sector.
Read MoreESG weekly highlights: Lithium, climate, labor, cybersecurity
The lithium market has witnessed a sharp downturn this week, with spot prices continuing their decline from the late-2022 peak.
Read MoreASX closes 1.37% lower: Consumers becoming cautious
Consumers are becoming more cautious due to rising living costs, but UBS analysts believe this doesn't indicate an immediate drop in spending, as they note a slight improvement in future interest rate expectations.
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ASX down 1.01% at noon after hawkish comments from the Fed
The ASX experienced continued declines at midday, with banking stocks being particularly affected. This drop was triggered by the recent hawkish statements from the US Federal Reserve.
Read MoreStocks dip as Fed holds rates steady, hints at future hike
Stocks retreated on Wednesday after the Federal Reserve said it would leave interest rates unchanged but indicated another hike on the horizon.
Read MoreASX extends its three-day losing streak to close 0.46% lower
The ASX extended its three-day losing streak, with materials and energy stocks declining, as investors awaited rate decisions from the Bank of England, Bank of Japan, and US Federal Reserve in the next 48 hours, which could significantly impact global markets.
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ASX currently trading 0.35% lower as oil steadies
Oil prices have stabilised amid a cautious market atmosphere before a Federal Reserve meeting, with West Texas Intermediate for November holding just below $91 per barrel.
Read MoreStocks of the Hour: QX Resources, Vintage Energy, Alderan Resources
A snapshot of the stocks on the move, featuring QX Resources (ASX:QXR), Vintage Energy (ASX:VEN) and Alderan Resources (ASX:AL8).
Read MoreMajor indexes fall: Fed not expected to raise rates
Stocks retreated on Tuesday as Wall Street awaited the results of this week’s Federal Reserve policy meeting.
Read MoreASX slides 0.47% amidst Fed meeting and China property concerns
On Tuesday, at the closing bell, the S&P/ASX 200 was 0.47 per cent lower at 7,196.60, in anticipation of the US Federal Reserve's policy meeting.
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ASX down at 0.53% at noon: Investors anticipating upcoming Fed meeting
Investors are feeling nervous in anticipation of the upcoming US Federal Reserve policy meeting, where it is anticipated that the Fed will reiterate its commitment to maintaining low interest rates for an extended period.
Read MoreOil prices surge amidst tight supply outlook
Global oil prices experienced a significant surge on Monday, briefly flirting with the $95 per barrel mark, as the market grapples with anticipation of a supply deficit.
Read MoreUS stocks mostly flat: Global mining M&A set to reach highest level in decade
US stocks have closed near the flat line Monday as investors geared up for the Federal Reserve’s meeting scheduled for later in the week.
Read MoreASX closes 0.67% lower driven by sell-off in tech
On Monday, a widespread sell-off, primarily driven by the technology sector, dragged down the overall share market.
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ASX down 0.76% at noon as all sectors are in the red
At noon, every one of the 11 sectors on the ASX is showing losses, with the technology stocks exerting the most significant downward pressure on the benchmark.
Read MoreRio Tinto’s silent surge in western Australia’s lithium frontier
In a strategic move aimed at securing its foothold in the booming battery minerals market, global mining giant Rio Tinto (ASX:RIO) has been quietly amassing exploration tenements in Western Australia, covering a staggering 145,000 hectares.
Read MoreUranium prices surge to 12-year high amid global nuclear power resurgence
Uranium prices have skyrocketed to their highest levels in 12 years, reflecting a worldwide revival in nuclear power as energy utilities rush to secure fuel supplies.
Read MoreAll 11 sectors closed lower ahead of the Fed’s next policy meeting
Stocks fell Friday as investors wrapped up a volatile week ahead of the Federal Reserve’s policy meeting. All 11 S&P 500 sector indexes declined, led lower by information technology, down 2 per cent, followed by a 1.9 per cent loss in consumer discretionary.
Read MoreASX up 1.67% at noon as all sectors are in the green
All sectors are currently trading higher. Miners, spanning gold, lithium, and iron ore, clearly stood out as the top performers.
Read MoreInvestors rally behind Wall Street’s latest IPO
The Dow Jones Industrial Average rallied the most in over a month as traders cheered the revival of Wall Street’s IPO market and a decent batch of economic data.
Read MoreASX closes 0.46% higher as commodities thrive
On Thursday, the ASX saw a significant increase in its performance, driven by strong rallies in companies involved in iron ore, coal, and uranium production.
Read MoreDow falls as core inflation data is higher than expected
The Dow Jones Industrial Average fell Wednesday as traders absorbed a hotter-than-expected August core inflation print. 3M was the biggest laggard in the 30-stock Dow, dropping more than 5.7 per cent. Caterpillar shares were lower by 2%. Meanwhile, Apple shares declined more than 1%, falling for a second day.
Read MoreASX closes 0.7% as tech sector experiences sell-off
On Wednesday, the ASX experienced a decline driven by a sell-off in the technology sector, just before the release of important US inflation data.
Read MoreASX down 0.48% as oil prices stabilise
Oil prices recently surged to a 10-month high but have stabilised, with West Texas Intermediate trading at around $89 per barrel.
Read MoreNasdaq falls as Apple unveils iPhone 15, crude oil hits highest level since Nov 22
The Nasdaq Composite fell Tuesday after Oracle shares plunged on disappointing results, whilst Apple unveiled the new iPhone model.
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