ASX Closes in the Red as Banks, Energy Stocks Slump

ASX closes in the red as banks, energy stocks slump

The Australian sharemarket finished lower on Thursday after Wall Street struggled overnight under the weight of pressure from the bond market,

Wall Street slumps under the weight of jumping Treasury yields and US debt worries

Wall Street is slumping under the weight of pressure from the bond market, where Treasury yields climbed on worries about the U.S. government’s spiraling debt and other concerns. The S&P 500 fell 1.5% Wednesday. The Dow Jones Industrial Average dropped…

Guess which ASX 200 bank stock is down 4% after posting a quarterly profit decline

Bendigo and Adelaide Bank Ltd (ASX: BEN) shares are falling on Friday morning. At the time of writing, the ASX 200 bank stock are down 4% to $11.30. This follows the release of the regional bank's third quarter update. ASX 200 bank stock falls on Q3 update For the three months ended 31 March, the bank reported net interest income of $416.2 million. This is down slightly compared to the first half quarterly average. Other income was down 13.6% to…

Aussie shares fall as US bond market jitters persist

Australian shares have slipped as dwindling confidence in the US economy pushes investors towards safe havens and profit-taking.

Closing Bell: Gold stocks rally but ASX slumps 0.45pc

ASX slides 0.45pc, falling from new 50-day high Gold and resources stocks temper losses Info Tech sector leads market down   After a month of almost uninterrupted gains, the ASX has taken a dip today, shedding 0.45%. The combination of Moody’s downgrade and Trump’s big tax cut bill smashed treasury bonds last night, doing real damage to America’s reputation as a safe haven investment with exceptional returns. Wall Street took a dive and, while E…

ASX Market Open: Rattled retailers, US yield spike turns Oz markets red | May 22, 2025

The ASX 200 is pointing to a 0.89% decline at open today, early futures say, mainly due to trade concerns coming out of the U.S. in trade overnight. Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more. Wall Street plunged in the last 12 hours, with the Nasdaq composite retreating as much as 1.4% while the Dow Jones lost even more, down -1.9%. The…