Business
ASX set for gains despite tech-led Wall St sell-off – ABC News
US markets fall on a renewed tech sell-off, while mining is the only sector to rise, pointing to positive trade on the resources-heavy Australian share market.
The Australian share market is rising on open, as investors hope for positive GDP figures on Wednesday.
Key points:
- ASX 200 was up 0.5 per cent at the open on Wednesday
- The Nasdaq fell 1.7pc, the S&P 500 0.8pc and the Dow Jones 0.5pc
- Mining stocks were the only sector to rise on US markets, with tech leading the sell-off
As of 10:30am AEDT, the ASX 200 was 0.5 per cent higher at 6,796, recovering losses from Tuesday’s trade.
That comes after a week of positive news for the Australian economy, such…
Continue Reading
-
Noosa News21 hours agoNew South Wales Blues left to pick up the pieces after fumbling a chance at State of Origin glory
-
Noosa News16 hours agoHelp to make recycling stick
-
Noosa News14 hours agoFormer Darling Downs Zoo employee sheds new light on horrific lion attack on teacher Joanne Cabban
-
Business16 hours agoAlphabet’s stock looks like a brilliant buy right now