ASX down 0.29% near noon: Investors await elections in UK and France

The Australian sharemarket opened lower due to anticipation surrounding elections in the UK and France, amidst ongoing global uncertainty. At 11:35am, the S&P/ASX 200 is 0.29 per cent lower at 7,745, with technology stocks, notably WiseTech, declining by 1.9% and 4% respectively. Investors are also monitoring upcoming French elections, while domestic focus shifts to upcoming economic data releases and Reserve Bank policy minutes tomorrow.

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ASX down 0.29% near noon: Investors await elections in UK and France

The Australian sharemarket opened lower due to anticipation surrounding elections in the UK and France, amidst ongoing global uncertainty. At 11:35am, the S&P/ASX 200 is 0.29 per cent lower at 7,745, with technology stocks, notably WiseTech, declining by 1.9% and 4% respectively. Investors are also monitoring upcoming French elections, while domestic focus shifts to upcoming economic data releases and Reserve Bank policy minutes tomorrow.

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ASX down 0.57% near noon: ResMed suffers significant losses

Shares on Australia's S&P/ASX 200 Index declined at the opening bell due to concerns over potential inflation acceleration prompting the Reserve Bank to consider raising interest rates, contrasting global easing trends. Healthcare stocks, notably ResMed, suffered significant losses following disappointing trial results. Additionally, weakened commodity prices, including a decline in Singapore iron ore futures, impacted mining shares like BHP.

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