ASX 200
ASX 200 Defies Global Tensions with Local Spending Surge and Mining Gains
Australia’s S&P/ASX 200 index saw a significant rise, propelled by robust local consumer spending and a strong performance in the mining sector. This upward trajectory occurred even as global geopolitical tensions, particularly between the US and Iran, cast a shadow…
Australian Stock Market Faces Global Jitters, Lithium Surge, and Wealth Fund Moves
Amid global uncertainty, the Australian stock market has dropped to a five-month low, pressured by IT sector weakness and volatile commodity prices. A surge in Chinese lithium markets, coupled with strategic moves by Australia’s sovereign wealth fund, underscores the delicate…
RBA of Holds Rates Steady Amid Inflation Concerns, ASX 200 Slides
Australia’s Reserve Bank kept interest rates unchanged at 3.6%, citing persistent inflation risks, prompting a notable drop in the ASX 200 Index and renewed market scrutiny.