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ASX down as Fed spooks investors

The Australian share market finished lower on Friday after head of the US Federal Reserve Jerome Powell suggested the central bank could well hike rates again this cycle.The S & P/ASX200 fell 0.6 per cent, or 38.4 points, to close at…

ASX edges higher but tech drops

The Australian share market edged higher on Thursday as heavy losses in tech and energy stocks were offset by gains in health stocks.The S & P/ASX200 edged up by 0.3 per cent to close at 7,014.9 points. The All Ords also climbed 0.2 per…

ASX rises on tech stock surge

The Australian share market edged slightly higher on Wednesday, as a rally in tech stocks offset losses in mining and energy shares.The S & P/ASX200 added 0.3 per cent, or 18.3 points, to close at 6,995.4, while the All Ordinaries…

ASX climbs 2.2 per cent over week

The Australian share market extended its gains for the third consecutive day on Friday to close 2.2 per cent higher over the week of trading.The benchmark S & P/ASX200 increased 1.1 per cent, or 78.5 points, to reach 6,978.2 and…

ASX rallies after US Fed pauses rate hike

The Australian share market rallied on Thursday to reach a two-week high following a positive lead from Wall St overnight after the US Federal Reserve kept rates on hold. The S & P/ASX200 climbed 0.9 per cent, or 61.4 points, to…

Huge winners as ASX rallies for second day

The Australian share market has managed to rally for a second day in a row after reaching one-year lows in recent days. The S&P/ASX200 gained 57.60 points or 0.85 per cent on Wednesday, closing the day at 6,838.30. The market managed to…

ASX edges higher despite mining losses

The Australian share market closed higher Tuesday as a late rally in financial stocks offset sharp losses in the materials sector.The S & P/ASX200 gained just 0.1 per cent, or 7.8 points, to reach 6,780.7. The All Ordinaries also rose,…

ASX sinks to 12-month record low

The Australian share market fell to its lowest level in more than 12 months on Monday as traders grew increasingly concerned that the escalation of the Israel-Hamas war could spill over across the Middle East. The S & P/ASX200 lost 0.8…

‘ASX Wolf’ banned from running business

An Australian ‘finfluencer’ who styled himself as the “ASX Wolf” has been banned from ever handing out financial advice again after the corporate regulator cracked down on him. Tyson Scholz, from Queensland’s Gold Coast, sparked the ire of…

ASX to plunge as panic sets in

Australia’s stock exchange will plunge by an eye-watering two per cent off the back of the news that major European bank Credit Suisse is on the brink.On Thursday morning, CommSec, an arm of the Commonwealth Bank, warned that the Australian…