- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
ASX Round-Up: ASX Closes at Highest Level in Five Years
Today, the Australian Securities Exchange closed at 5,321.5 points, 38.4 points higher than yesterday and the exchange’s highest level since June 2008.
Today, the Australian Securities Exchange (ASX) closed at 5,321.5 points, 38.4 points higher than yesterday and the exchange’s highest level since June 2008.
Positive economic data from China is largely responsible for the gain, The Sydney Morning Herald (SMH) reported. News surfaced this week that the Chinese economy, which is the second-largest in the world, grew 7.8 percent in the third quarter of 2013. The end of the US government shutdown this week also helped the market in Australia.
“The U.S. shutdown’s now in the past so the market has some sense of normality to it,” said Julia Lee, a Bell Direct equities analyst, according to the SMH. “So today, we were very much focused in on China and the numbers coming through there.”
Fortescue Metals Group (ASX:FMG), an iron ore producer and explorer in Western Australia, was a top gainer on the ASX today. The company rose $0.16, or 3.04 percent, to $5.423.
Arrium (ASX:ARI), an international mining and materials company operating in Australia and internationally, also rose on the ASX. Arrium hit $1.36, an increase off $0.03, or 2.26 percent, from the previous session.
Iluka Resources (ASX:ILU) experienced some of the greatest losses on the ASX today. Iluka produces zircon and titanium dioxide products and operates in Australia as well as in the US. The company fell 3.35 percent, or $0.35, to $10.09.
Aurora Oil & Gas (ASX:AUT), an Australia-based oil and gas explorer, also saw major losses, falling more than 2 percent, or $0.07, to $3.26.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.