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ASX News30 articles
Australian Shares Tumble on US-Iran Tensions, CSL Plunges 18%
Australian shares opened lower as US-Iran tensions escalate and CSL's 18% plunge drags healthcare down 8%. Energy stocks provide the only bright spot.
ASX 200 Weekly Gain Erased by Friday Slump Amid Oil Shock and RBA Rate Hike
Australian stocks ended the week barely higher after a Friday sell-off erased A$50 billion. The RBA's rate hike and oil price volatility weighed heavily on financials.
ASX 200 Extends Losing Streak as Inflation and Oil Shock Weigh on Sentiment
Australian shares slipped for an eighth consecutive day, with the ASX 200 closing 0.24% lower, as inflation data and a profit warning from Woolworths dragged on the market.
ASX 200 Extends Losing Streak as Inflation Surprises
The ASX 200 fell 0.27% to 8,687, its seventh consecutive decline, after inflation accelerated to 4.6% in March, raising the odds of an RBA rate hike.
ASX 200 Falls for Sixth Day as Oil Rally Stokes RBA Rate Jitters
The ASX 200 fell for a sixth consecutive session, closing at 8,710.7, as surging oil prices heightened inflation fears ahead of key CPI data.
ASX 200 Drops to Two-Week Low on Rate Hike Fears, Energy Stocks Rally
The S&P/ASX 200 slipped 0.6% to 8,793.40, its lowest close in two weeks, as financials and miners fell while energy stocks rallied on oil price gains.
ASX 200 Flat as Rio Tinto Gains Offset Energy Slide, Focus on US-Iran Talks
Australian shares ended Tuesday's session essentially flat, with the benchmark index dipping just 3.9 points. Gains in mining giant Rio Tinto were countered by a selloff in the energy sector, while investors awaited developments in US-Iran negotiations.
NAB Shares Drop as Oil Surge Fuels RBA Rate Hike Expectations
National Australia Bank shares declined 2% on Thursday, mirroring a broader market selloff triggered by oil prices surpassing $100 a barrel. The move intensified investor speculation that the Reserve Bank of Australia could implement a rate hike as soon as next week.
ASX 200 Plunges on Oil Spike, RBA Rate Hike Bets Surge
The S&P/ASX 200 dropped 1.3% to 8,629.00 as surging oil prices above $100 a barrel fueled expectations of another Reserve Bank rate hike. Market pricing now implies a 75% probability of an increase next week.
LSEG to Modernize ASX 24 Derivatives Platform in Major Tech Overhaul
London Stock Exchange Group has secured a deal to provide a new high-performance trading platform for ASX 24, Australia's primary derivatives market. The upgrade aims to address recent outages and modernize aging infrastructure, with completion expected by 2028.
AMD Assures Sufficient CoWoS Supply for AI Chip Ramp, Shares Gain
AMD CEO Lisa Su stated the company has secured enough CoWoS advanced packaging capacity to support high-volume shipments of rack-scale AI systems in the second half of 2026, coinciding with its MI450 chip ramp. Shares climbed 3.1% to $196.91.
Pro Medicus Rebounds After Steep Sell-Off Amid Broader Market Jitters
Pro Medicus shares rose 1.7% on Wednesday, partially recovering from a sharp 8.77% decline the prior session. The broader ASX 200 index fell 1.9% amid geopolitical tensions and interest rate concerns.
Woolworths Shares Hold Near Peak Ahead of Dividend Cut-Off Amid Rate Jitters
Woolworths shares closed at A$36.90, near the top of its yearly range, before trading ex-dividend for a A$0.45 interim payout. The ASX 200 fell 1.34% amid rate and oil worries.
Westpac Steady at A$41.80 Amid RBA Rate Hike Jitters and GDP Wait
Westpac Banking Corporation shares closed unchanged at A$41.80 following a volatile session for Australian banks. The market steadied after Reserve Bank Governor Michele Bullock signaled a potential interest rate increase at the March meeting.
CBA Defies ASX Downturn Amid Renewed RBA Rate Speculation
Commonwealth Bank shares gained ground Tuesday, contrasting with a broader market decline, as traders evaluated shifting interest rate expectations and energy price pressures.
Xero Shares Drop Amid Tech Sell-Off, AI Rollout Fails to Lift Sentiment
Xero shares declined 3.7% on Friday, underperforming a weak ASX technology sector. The sell-off occurred even as the company announced AI-powered automation tools for UK customers ahead of tax digitization deadlines.
Wesfarmers Shares Slide Despite Profit Beat as Consumer Spending Concerns Mount
Wesfarmers shares tumbled over 5% despite reporting a half-year profit beat, as management flagged patchy consumer spending and upcoming price investments, overshadowing solid financial results.
Computershare Shares Retreat on Ex-Dividend Date as Rate Outlook Lingers
Computershare shares declined 3.47% on their ex-dividend date, partially reversing the prior session's gain. Investor focus remains on the interest rate outlook following the latest RBA commentary.
SEEK Shares Slide on China Write-Down, Employment Hero Exit Plan
SEEK Ltd shares declined following a statutory loss driven by a significant write-down on its Zhaopin investment. The company tightened its full-year guidance and announced a record interim dividend.
ANZ Soars on Strong Q1 Profit, Cost Discipline Fuels Market Rally
ANZ shares surged 6.7% after reporting a $1.94 billion quarterly cash profit, driven by an 8% drop in expenses. The results helped lift the broader ASX 200 index.
ASX 200 Ends Flat Amid AI Jitters; CSL Tumbles on CEO Exit
The S&P/ASX 200 closed virtually unchanged, dipping 2.7 points to 8,867.40. Insurance brokers slumped on AI competition fears, while CSL fell 5% after its CEO announced retirement.
ASE Technology Surges on $7B AI Packaging Bet, Eyes Margin Growth
ASE Technology shares rallied 7.2% after announcing a record $7 billion capital expenditure plan for 2026, targeting robust AI packaging demand. Management forecasts a sequential revenue dip in Q1 but sees improving profitability.
BitMine Nears 5% ETH Supply Goal, May Scale Back Weekly Purchases
BitMine Immersion Technologies may slow its weekly ether purchases as it nears a target of owning 5% of ETH supply, Chairman Tom Lee said. The company holds 5.18 million ETH, 4.29% of supply.
Hut 8's $9.8B Texas AI Lease Signals Pivot from Crypto Mining
Hut 8 Corp. unveiled a $9.8 billion, 15-year AI data center lease in Texas, driving broker price targets higher as the company pivots from crypto mining to AI infrastructure.
Coinbase Posts Q1 Loss as Crypto Slowdown Squeezes Revenue
Coinbase swung to a $394.1 million Q1 loss as revenue fell 31%, hit by a crypto trading slowdown and an AWS outage. The exchange also plans to cut 700 jobs.
StubHub Options Signal 13% Move Ahead of Q1 Earnings Release
Options traders anticipate a 13% swing for StubHub (STUB) ahead of its May 13 earnings report. The company faces regulatory and competitive pressures.
Hut 8 Secures $9.8B AI Data Center Lease, Shifts Focus from Bitcoin Mining
Hut 8 Corp. inked a 15-year, $9.8 billion lease for 352 MW of AI data-center capacity at its Beacon Point campus, advancing its pivot from bitcoin mining to AI infrastructure.
UnitedHealth Eases Prior Authorization Rules; UNH Shares Gain
UnitedHealth Group shares climbed 1% after the company announced it will eliminate prior authorization for 30% of services by 2026, including outpatient surgeries and diagnostic tests.
Avalo Therapeutics Soars 34% on $375M Offering Following Positive Phase 2 HS Data
Avalo Therapeutics shares surged 34% after pricing a $375M public offering, following positive Phase 2 results for abdakibart in hidradenitis suppurativa. The company aims to fund Phase 3 development.
Hut 8 Shares Surge 32% on $9.8 Billion Texas AI Data Center Lease
Hut 8 (HUT) shares surged 32% after inking a $9.8 billion, 15-year lease for 352 MW of IT capacity at its Beacon Point data center in Texas, accelerating its pivot to AI.