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ASX 200 up 0.2 per cent in first 30 minutes of trading after suffering more than $35b wipeout on Monday

ASX 200 up 0.2 per cent in first 30 minutes of trading after suffering more than $35b wipeout on Monday

Sky News AU7 days ago
The ASX 200 is up once again after suffering one of its worst days in months, during which billions of dollars were wiped from investors' portfolios.
Australian stocks were up 0.2 per cent in the first 30 minutes of trading on Tuesday, with Insignia Financial leading the surge off the back of a 13.5 per cent jump.
The superannuation and financial advisor's rise comes after it received a $3.2b takeover bid from US private equity firm CC Capital.
Genesis Minerals is up 5.4 per cent while mining technology company Imdex has jumped 5.2 per cent and West African Resources has risen five per cent.
It follows the index diving on Monday, with the bourse sinking about 1.1 per cent and investors losing more than $35b.
The major indexes in Wall Street were generally in positive territory with the Nasdaq rising 0.4 per cent, the S&P 500 adding 0.1 per cent and the Dow Jones finishing flat on Monday.
London's FTSE 250 rose 0.5 per cent, Germany's DAX jumped 0.1 per cent and the STOXX Europe 600 shed 0.1 per cent.
New Zealand's NZX 50 Index is down about 0.4 per cent on Tuesday after the ANZ-Roy Morgan Consumer Confidence index showed households were less optimistic about the state of the economy.
Meanwhile, Japan's Nikkei 225 is up 1.1 per cent and South Korea's KOSPI 200 is flat since trading began on Tuesday.
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Banks forced to take action on high-fee accounts

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Nissan Ariya order books open in Australia six years after its global debut
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"Or else we would have had to respond to the market conditions and our pricing would have been catastrophic. I think we've read that one well." With its September 2025 planned arrival, Mr Humberstone told CarExpert the final push to have Ariya in showrooms came with the arrival of the New Vehicle Efficiency Standard (NVES). NVES came into effect on January 1, 2025, with limits for carbon-dioxide tailpipe emissions averaged across each automaker's lineup. From July 1, 2025, financial penalties for brands in breach were enforced. "I've delayed that [the introduction of Ariya] as much as I could in terms of saying, 'Do I really need to bring in that car yet?'. There comes a point when absolutely you have to offset that from effectively an NVES perspective." Nissan also showed a sportier version of the Ariya in 2024, the more powerful Ariya NISMO, which is not yet confirmed for Australian showrooms. 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Yet the Japanese-made Ariya has been in production in 2021 after being revealed in concept form in 2019, with the showroom version unveiled in 2020. An Australian launch was first planned for 2023, but its arrival was postponed – something which Nissan Australia blamed on Australian Design Rules (ADRs). The Ford Mustang Mach-E, another Model Y rival, was also revealed in 2019 and due here in 2023 before its launch was pushed back to 2024, the same year Toyota Australia's first EV, the bZ4X, arrived – two years later than planned. In addition to ADRs, Nissan also said Ariya supply was constrained as other countries where EV take-up was higher were prioritized. The timing means the Ariya was not front and centre of an EV price war across the Australian auto industry, led by aggressive price cuts from market-leading EV brand, Tesla – which severely impacted the Mach-E. "I think we've been smart with the timing," Nissan Australia boss Andrew Humberstone told CarExpert in September 2024. "Or else we would have had to respond to the market conditions and our pricing would have been catastrophic. I think we've read that one well." With its September 2025 planned arrival, Mr Humberstone told CarExpert the final push to have Ariya in showrooms came with the arrival of the New Vehicle Efficiency Standard (NVES). NVES came into effect on January 1, 2025, with limits for carbon-dioxide tailpipe emissions averaged across each automaker's lineup. From July 1, 2025, financial penalties for brands in breach were enforced. "I've delayed that [the introduction of Ariya] as much as I could in terms of saying, 'Do I really need to bring in that car yet?'. There comes a point when absolutely you have to offset that from effectively an NVES perspective." Nissan also showed a sportier version of the Ariya in 2024, the more powerful Ariya NISMO, which is not yet confirmed for Australian showrooms. 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Yet the Japanese-made Ariya has been in production in 2021 after being revealed in concept form in 2019, with the showroom version unveiled in 2020. An Australian launch was first planned for 2023, but its arrival was postponed – something which Nissan Australia blamed on Australian Design Rules (ADRs). The Ford Mustang Mach-E, another Model Y rival, was also revealed in 2019 and due here in 2023 before its launch was pushed back to 2024, the same year Toyota Australia's first EV, the bZ4X, arrived – two years later than planned. In addition to ADRs, Nissan also said Ariya supply was constrained as other countries where EV take-up was higher were prioritized. The timing means the Ariya was not front and centre of an EV price war across the Australian auto industry, led by aggressive price cuts from market-leading EV brand, Tesla – which severely impacted the Mach-E. "I think we've been smart with the timing," Nissan Australia boss Andrew Humberstone told CarExpert in September 2024. 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