Business
Markets
The Wrap: ASX gains despite China’s economy going into retreat
The ASX 200 managed to finish higher, up 0.25 per cent to 7093 points, despite Australia’s mining giants taking a hit on bad news from China.
- by Colin Kruger
Latest
$16 trillion and counting: Investors warned to brace for more pain
A mass exodus of money, an $16 trillion wipeout, and the worst losing streak for global stocks since the 2008 financial crisis. The bad news is that it may not be over yet.
- by Sagarika Jaisinghani and Michael Msika
ASX set for bright start as Wall Street rallies
Wall Street closed out another volatile week of trading with a broad rally on Friday, though it wasn’t nearly enough to keep the market from its sixth straight weekly drop
- by Damian Troise and Alex Veiga
‘Still a lot of risk out there’: Experts tip crypto bounce but warn markets finely balanced
Market experts are tipping cryptocurrencies to stabilise after last week’s brutal selloff, but warn investors must remain vigilant.
- by Jessica Yun
No longer a dirty word: Retail investors discover ‘shorting’ stocks
Amid a market rout in some sectors, social media-engaged investors are beginning to ask about how they can short shares – but it’s not without risk.
- by Sarah Danckert
The Wrap: ASX rebound fails to save market from another week of declines
The Australian sharemarket posted a 1.9 per cent rebound to close at 7075.1 points, but it was not enough to prevent it finishing in the red for a fourth week in a row.
- by Colin Kruger
‘Time to invest’: Crypto fundies see market crash as buying opportunity
Some of Australia’s largest digital asset fund managers have brushed off concerns over the grim state of cryptocurrency markets.
- by Dominic Powell
Crypto volatility intensifies as stablecoin Tether slides below key level
The meltdown in TerraUSD, one of the world’s largest stablecoins, rippled through cryptocurrency markets, pushing another major stablecoin Tether below its dollar peg and sending bitcoin to 16-month lows.
- by Elizabeth Howcroft, Gertrude Chavez-Dreyfuss and Hannah Lang
Opinion
World markets
Bubble fears: Wall Street’s new age of uncertainty
In the two decades since the dot-com crash, investors have been bracing themselves for another tech bubble to burst. Now there is serious talk that the correction everyone feared might finally be happening.
- by Parmy Olson
As it happened: ASX rebounds 1.9% but still finishes the week lower
The ASX 200 recovered all of Thursday’s losses with a 1.9% rebound to close at 7075.1, but it was not enough to prevent it finishing in the red for a fourth week in a row. Every sector closed in positive territory Friday. Consumer staples was the only sector not to post a gain of at least 1%, while the tech sector leading the rebound with a 7% rise.
- by Colin Kruger
At 78, investor prepares for ‘biggest bear market in my life’
David Wright knows a thing or two about bear markets having come through the GFC and the 2020 COVID largely unscathed. But none of those periods compare with what’s ahead he warns.
- by Ye Xie