The ASX rose modestly on Tuesday, buoyed by strength in tech, retail, and real estate sectors amid optimism over US trade negotiations. The S&P/ASX 200 gained 14.1 points, or 0.2%, to 8556.4 by midday, with eight of 11 sectors trading higher.
While the headlines often focus on tech giants or banks at record highs, Australia’s engineering services companies have been quietly delivering impressive results in the background.
The Australian sharemarket rose on Monday, with the S&P/ASX 200 up 60.7 points, or 0.7%, to 8574.9 by 2:10pm AEST. The rally followed gains on Wall Street, where the S&P 500 closed at a record high amid optimism around US trade talks.
The S&P/ASX 200 fell 0.08% to 8543.8 by early afternoon Friday, paring early gains as strength in iron ore and lithium stocks was outweighed by losses in financials and consumer staples. Seven of 11 sectors declined.
The ASX dipped slightly on Thursday, with the S&P/ASX 200 down 5 points, or 0.1%, to 8554.2 by 2pm AEST, as weakness in technology stocks offset gains elsewhere.
The S&P/ASX 200 Index was little changed on Wednesday, down just 1 point to 8554.2 by 2pm AEST, as weakness in mining and energy stocks offset gains in banks and tech. Investor sentiment remained cautious amid geopolitical uncertainty surrounding the Israel-Iran ceasefire.
ASX Rallies on Ceasefire Hopes; Greatland Gold and Virgin Australia Shine on Debut
The ASX surged on Tuesday as easing geopolitical tensions and strong IPO performances boosted investor confidence. The S&P/ASX 200 rose 1% to 8556.2 by 2pm AEST, with nine of 11 sectors in the green. A tentative ceasefire between Iran and Israel, announced by former US President Donald Trump, helped spark a broad-based rally.
The ASX fell to a 20-day low on Monday as geopolitical tensions rattled markets following U.S. strikes on Iranian nuclear facilities. The S&P/ASX 200 Index dropped 36.5 points, or 0.4%, to 8469 by 2pm AEST, with nine of 11 sectors in decline. Technology, healthcare, and industrials led losses, while energy stocks gained on surging oil prices.
ASX Dips as Banks Weigh; Betr Tables Bid for PointsBet
The ASX edged lower on Friday afternoon, with the S&P/ASX 200 slipping 16 points, or 0.2%, to 8507.7 by 2pm AEST. Losses in the big four banks outweighed modest gains in healthcare, with six of 11 sectors trading in the green.
The ASX 200 hovered around the flat line on Thursday, down just one point to 8530.2 by 2pm AEST, as investors weighed weaker-than-expected jobs data, falling iron ore prices, and geopolitical risks.
Australian employment unexpectedly declined by 2500 jobs in May, well below consensus expectations for a 22,500 gain. Markets showed little immediate reaction.
The ASX 200 fluctuated on Wednesday, inching up just one point to 8542.3 by 2pm AEST, as a sharp sell-off in materials offset gains in other sectors. Investors remained cautious amid escalating tensions in the Middle East, with oil prices surging to five-month highs after Donald Trump demanded Iran’s “unconditional surrender,” stoking fears of broader US involvement.
The ASX 200 swung between gains and losses on Tuesday, dipping 10 points to 8538.4 by 2pm AEST, with seven of 11 sectors in decline. The market largely shrugged off Wall Street’s positive lead, as geopolitical tensions took centre stage.
