The ASX 200 closed up 1% at 7,869.9 at a new record high for the index, following similar moves on Wall Street.
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The chink in Nvidia’s armour that everyone missed
Like all good investments, the devil’s in the details.
Market update
The ASX 200 is up by +0.92% at 7,891.2, a record high as all sectors except financials are up today. The market leaders are in the mining sector with the mega-caps gaining as well as gold and lithium producers climbing as commodity prices continue to gain.
Synlait Milk in trading halt to secure loan deal
Specialist dairy company Synlait Milk [ASX:SM1] requested a trading halt today as the company races to secure a deal on a looming $130 million loan.
Charter Hall buys stake in HPI for $97 million
Property giants Charter Long Hall [ASX:CHC] has announced the purchase of a 14.8% stake in Hotel Property Investments [ASX:HPI] for $97 million.
Ramelius Resources abandons Karora takeover bid
Gold miner Ramelius Resources [ASX:] has abandoned its takeover bid for multi-asset Canadian miner Karora after the two failed to reach an agreement on value.