Markets Live: Korean tensions spark $23b selloff
The escalating war of words between the US and North Korea has taken its toll on the local market, pulling the ASX below 5700.
Jens is the markets and breaking news editor, based in Sydney.
The escalating war of words between the US and North Korea has taken its toll on the local market, pulling the ASX below 5700.
CBA's bumper profit boosts local confidence, after Trump's 'fire and fury' speech on North Korea spooked Wall Street.
A large slump in CBA held the sharemarket back, but the ASX still managed to end the first week of earnings season slightly higher.
A slump in the ASX's biggest stock weighs but the market has fought back from early lows, while Lend Lease jumps on an 'inadvertent' earnings release.
Shares remain on a roller-coaster ride, keeping the ASX below 5800 points as losses in miners and banks weighed.
Losses in miners and the big banks lead the market lower, but global sentiment remains upbeat.
Shares inched higher, buoyed by another rally in the big miners, but a surprise surge in the Aussie dollar kept a cap on gains.
The sharemarket enjoyed a rousing mid-week session, as climbing commodity prices boosted mining stocks.
Consumer price growth is likely to remain subdued, quietening rate rise talk, while a spike in the Aussie dollar could push out the Reserve Bank's timeline for a lift in inflation.
Bank stocks lost steam on Friday as investors booked profits after two days of strong gains, weighing on the overall market.
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