Australian shares fell by 1 per cent at midday, with losses across all sectors. Mining stocks continued to decline due to concerns over China’s economy.
Andean Silver Limited (ASL, formerly Mitre Mining Corporation Limited) is a mineral exploration and development company in Australia focused on gold and base metals discoveries. The Company holds a 100% interest in the Cerro Bayo Silver-Gold Project and Los Domos Project in Chile
Northern Star Resources, one of the largest gold producers, operates major mines in Australia and Alaska. Despite its solid operations and strong cash generation, NSR is currently undervalued compared to its peers. This undervaluation, coupled with its ongoing growth plans, makes it an attractive investment.
Equities suffered their biggest one day loss since 2022 as tech stocks nosedived following underwhelming second-quarter earnings from heavyweights Alphabet and Tesla.
The Australian share market remained flat at midday, with the S&P/ASX 200 Index steady at 7969.8, following a weak lead from Wall Street.
Stocks ended slightly lower overnight amid cautious trading ahead of quarterly earnings from big tech names Tesla and Google.
The Australian sharemarket is extending its early gains by midday, buoyed by a strong rally in US tech stocks overnight. The S&P/ASX 200 index has risen 0.7% to 7989, driven by a 1.9% increase in the tech sector
Stocks were higher overnight in an Nvidia-led rebound in tech stocks following recent weakness as investors ignored America’s political disarray and looked ahead to megacap tech quarterly earnings this week
The benchmark S&P/ASX 200 Index fell 0.8% or 63.6 points to 7908 at midday, following last week’s peak of 8000. The materials, energy, and real estate sectors experienced the steepest declines.
Equities slumped to their worst weekly loss since April as the broad rotation out of high-flying tech stocks rattled markets.
A heavy rotation out of the Magnificent 7 and tech stocks into small caps was pronounced this week
Australian shares fell by 1.2% to dip below 8000 points at lunchtime, driven down by declines in the banking, mining, and technology sectors.
