Closing Bell 15th October: Hub 24 rallies after highest quarterly inflows. XJO sets new record highs

What's Affecting Markets Today

Nikkei hits three month highs. China stocks lower

Asia-Pacific markets were mixed on Tuesday, following gains on Wall Street, where the Dow Jones Industrial Average and the S&P 500 both reached new record highs. Investors weighed South Korea’s trade data, which showed a significant rise in the trade surplus to $6.7 billion in September, up from $3.7 billion in August. South Korea’s Kospi and the small-cap Kosdaq hovered near the flatline.

Mainland China’s CSI 300 fell 0.5%, recovering after earlier losses of over 1%, while Hong Kong’s Hang Seng index dropped 1.3%. China’s trade data for September, released after markets closed on Monday, showed exports rising 2.4% and imports up just 0.3%, both missing expectations.

In Japan, the Nikkei 225 gained 1.3%, with the Topix also up 1%.

On Wall Street, the S&P 500 rose 0.77% to 5,859.85, while the Dow added 201.36 points to close at 43,065.22. The Nasdaq Composite increased 0.87%, closing at 18,502.69.

ASX Stocks

ASX 200 - 8,325.1 (+0.9%)

Key Highlights:

A rally in mining stocks and banks helped the Australian sharemarket hit a new record high on Tuesday. The benchmark S&P/ASX 200 Index rose 0.9% to 8331.7 points in the afternoon, surpassing its previous peak of 8285.7 points set last month. Investor sentiment was boosted by a strong session on Wall Street, where the S&P 500 hit another record, driven by a surge in tech stocks, particularly chipmakers.

On the ASX, the materials sector was a top performer, supported by stronger iron ore prices. BHP Group rose 0.7%, Fortescue Metals gained 2.4%, and Rio Tinto added 1.4%. The big four banks were also in positive territory, led by Commonwealth Bank, which climbed 1.6%. Westpac, ANZ, and National Australia Bank all advanced over 1%.

In contrast, energy stocks lagged as oil prices weakened, with Woodside Energy down 2% and Santos falling 1.7%. Hub24 rallied 4.3% on record quarterly net inflows, while Ampol and Tyro Payments faced declines of 2.1% and 16%, respectively. IDP Education tumbled nearly 5% after issuing a disappointing forecast.

Leaders

HLS: Healius Ltd (+6.67%)
SLC: Superloop Ltd (+6.12%)
A4N: Alpha Hpa Ltd (+5.91%)
WA1: WA1 Resources Ltd (+5.65%)
DYL: Deep Yellow Ltd (+5.48%)

Laggards

IEL: IDP Education Ltd (-5.88%)
PYC: PYC Therapeutics Ltd (-3.75%)
TWE: Treasury Wine Estates Ltd (-2.93%)
REG: Regis Healthcare Ltd (-2.71%)
CU6: Clarity Pharmaceuticals Ltd (-2.61%)

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