ASX 200 approaches all-time high point after Wall Street surges on the back of positive jobs numbers despite trade war
The jump puts the index about half a per cent from its February high point before the tariff announcements sparked massive sell offs amongst investors.
It follows the ASX 200 finishing up about 0.7 per cent on Tuesday, despite IDP Education suffering a devastating 48 per cent share price drop after the company forecasted its earnings would halve.
IDP has pared back some losses on Wednesday, with the stock up 4.6 per cent in the first 30 minutes of trading.
The biggest movers so far include Judo Capital (up 6.5 per cent), Paladin Energy (up 6.1 per cent) and Boss Energy (up 5.3 per cent).
Wall Street was in the green on Tuesday with the Dow Jones up 0.5 per cent, the S&P 500 rising 0.6 per cent and the Nasdaq jumping 0.8 per cent.
Major chipmakers helped pushed the indexes up with Nvidia adding 2.8 per cent and Broadcom rising 3.3 per cent after the company said it had begun exporting its latest chip.
The indexes were also boosted by US job openings unexpectedly rising in April to 7.4 million from 7.2 million despite Donald Trump's trade war, pushing the S&P 500 within three per cent of its all time high.
London's FTSE 250 Index finished flat on Tuesday, while Germany's DAX Index jumped 0.7 per cent and the STOXX Europe 600 rose 0.1 per cent.
New Zealand's NZX 50 Index has surged 0.6 per cent on Wednesday while Japan's Nikkei 225 has risen almost 0.9 per cent.
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News.com.au
3 hours ago
- News.com.au
ASX steadies as banks lead recovery after CSL shock
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