ASX pops to a six-month high as investors ring in Christmas cheer

ASX pops to a six-month high as investors ring in Christmas cheer

The Australian sharemarket has put last week’s pain behind it, with banks, real estate and consumer stocks the biggest winners of the day.

ASX avoids trading delay due to settlement system issues

Engineers worked through the weekend to resolve critical issues with the ASX’s settlements processing system, averting a potential delay or cancellation of trading on Monday. Faults identified on Friday disrupted the settlement of trades made earlier in the week, leaving brokers scrambling for billions of dollars to cover unmatched transactions. Late on Sunday, ASX officials updated market participants, stating that trades from Wednesday would …

ASX Lunch Wrap: ASX up 1pc as bargain hunters swoop in after last week's sell-off

ASX dodges disaster after CHESS glitch CBA, consumer stocks rebound; iron ore hit Novo Nordisk tanks 20pc and Bitcoin slides   The ASX managed to avoid disaster on Monday, with the market opening as normal after a weekend scramble to resolve a major glitch in the CHESS settlement system. The issue, which reared its ugly head late on Friday afternoon, left trades unprocessed, leaving brokers to scramble for billions to cover unsettled transactio…

Tech leads Wall Street recovery, ASX resolves CHESS mess

Wall Street staged a modest recovery on Friday, closing the week with reduced losses. The S&P 500 rose 1.1%, trimming its weekly loss to 2%, while the Dow added 498 points, or 1.2%, and the Nasdaq gained 1%. Tech stocks, led by Nvidia, were the driving force behind the rebound. The core Personal Consumption Expenditures Price Index, a key inflation measure, came in slightly below expectations, lifting sentiment after Federal Reserve warnings ear…