ASX

The local bourse went south after US markets copped a battering amid concerns the Federal Reserve will aggressively hike interest rates as inflation surges.The Australian sharemarket slid into the red for the second straight day on the back…

The ASX finished barely changed despite a positive start, with Redbubble tanking on a profit plunge, while JB Hi-Fi jumped higher.The Australian sharemarket traded in the green before going south in late trade, but JB Hi-Fi was among the…

Consumer stocks led the ASX higher, including Wesfarmers despite reporting a Kmart and Target sales slump, while a market debutante tanked spectacularly.The Australian sharemarket climbed higher despite weakness in the all-important…

Almost every sector dragged the ASX firmly into the red, with tech a major weight, eclipsing the Nasdaq’s big tumble overnight.The Australian sharemarket sank firmly into the red following a Wall Street tumble, with the local tech sector by…

Ongoing strength in commodity prices amid tight supply and sustained demand boosted resources stocks, propelling the ASX higher.The Australian sharemarket was in the green for the second straight day after a positive lead from Wall Street…

‘Soothing’ comments by the US Federal Reserve chair boosted Wall Street and flowed on to the ASX, helped by higher commodity prices.The Australian sharemarket broke a two-day losing streak after a positive lead from Wall Street and stronger…

Critical US inflation data could spur on more sharemarket volatility as the ASX slides into the red for the second straight day, with supermarkets the worst performers.The Australian sharemarket slid into the red ahead of critical US…

A potential Russian invasion of Ukraine will likely propel the energy sector even higher, experts say, as it helps the ASX limit losses.The Australian sharemarket closed slightly lower after a weak lead from Wall Street, with most sectors…

The local tech sector followed Wall Street’s Nasdaq lower, but the resources sector and banks helped the ASX to a modest rise.The Australian sharemarket inched marginally higher after surrendering gains in afternoon trade, with tech stocks…

The RBA can keep insisting rate hikes won’t come in 2022, but the ASX isn’t buying it, with strong jobs numbers fuelling bets it will do just that.The Australian stock market shrugged off a strong lead from Wall Street overnight and was…