The Australian sharemarket edged higher on Thursday, buoyed by a strong rebound in energy stocks as oil prices spiked following fresh U.S. sanctions on major Russian producers. The S&P/ASX 200 gained 0.1 per cent to 9039 by mid-afternoon, recovering from earlier losses driven by weakness in technology shares.
The Australian sharemarket retreated from record highs on Wednesday as a sharp correction in precious metals triggered a broad sell-off in mining stocks. The S&P/ASX 200 fell 0.9 per cent, or 85.1 points, to 9009 by mid-afternoon, reversing gains from the previous session’s rally sparked by Australia’s critical minerals deal with the United States.
Australia’s sharemarket climbed to fresh record highs on Tuesday, powered by a rally in mining stocks after a landmark critical minerals funding deal between the US and Australia. The S&P/ASX 200 rose 0.8 per cent to 9103.6, after touching an intraday peak of 9115.2.
The Australian sharemarket recovered from a weak open on Monday, tracking gains on Wall Street as traders digested fresh Chinese economic data and awaited key US-Australia talks. The S&P/ASX 200 rose 0.1 per cent to 9005.9 at 2pm AEDT, reversing early losses after touching record highs above 9100 last week.
South Korea’s Kospi index climbed for a third consecutive session on Friday, defying regional weakness as ongoing trade discussions with the United States buoyed sentiment. The benchmark touched a fresh intraday record of 3,794.87, standing out as the only major Asian market in positive territory, while the smaller Kosdaq erased earlier gains to trade flat.
The Australian sharemarket surged to a new intraday record on Thursday, with the S&P/ASX 200 peaking at 9109.7 before easing to 9077.8 — up 1%. Gains were driven by financials and property stocks after the jobless rate unexpectedly climbed to a four-year high of 4.5%, boosting expectations of a November rate cut.
The Australian sharemarket advanced on Wednesday, lifted by strength in major banks and miners as gold prices surged to fresh record highs. The S&P/ASX 200 Index rose 0.9 per cent, or 76.2 points, to 8975.6, with nine of 11 sectors closing higher.
The Australian sharemarket fluctuated on Tuesday as optimism over renewed US-China trade dialogue and easing Middle East tensions lifted sentiment. The S&P/ASX 200 was steady at 8883 points by mid-afternoon, with strong gains in gold miners and iron ore majors offsetting weakness across most sectors.
The Australian sharemarket slipped on Monday as renewed trade tensions between the US and China dampened sentiment. The S&P/ASX 200 fell 0.5 per cent, or 44.9 points, to 8913.4, retreating from last week’s six-week high. Tech stocks led declines, with Life360 down 2.3 per cent, WiseTech 2.6 per cent, and Computershare 3.5 per cent.
The Australian sharemarket edged lower on Friday, weighed down by sharp losses in gold and energy stocks after a breakthrough ceasefire agreement between Israel and Hamas triggered a broad risk-off sentiment. The S&P/ASX 200 slipped 11.1 points, or 0.1 per cent, to 8958.7, with eight of 11 sectors finishing higher.
The Australian sharemarket rose modestly on Thursday, supported by gains in the major miners. The S&P/ASX 200 advanced 0.2 per cent, or 23.7 points, to 8971.3, nearing its record high from August.
The Australian sharemarket edged lower on Wednesday, with the S&P/ASX 200 slipping 6.3 points to 8950.5 as weakness in retail and technology stocks offset gains elsewhere. Profit-taking in gold miners also dragged on sentiment, despite bullion briefly topping US$4000 an ounce amid a U.S. government shutdown and softer Wall Street trade.