Market Update: ASX Surges Above 8,000 Points Amid Global Economic Tensions

Monday, 15 July 2024, 01:13
The ASX gains 0.9% and inches towards a new record close above 8,000 points following Wall Street's strong performance. Geopolitical events, like the Trump shooting incident, are driving 'safe haven' trades, while concerns over China's economic stability persist. Stay informed on market movements and expert insights in real-time on our live blog.
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Market Update: ASX Surges Above 8,000 Points Amid Global Economic Tensions

Market Update

The ASX climbs by 0.9% and eyes a historic close above 8,000 points, buoyed by Wall Street's positive momentum.

Geopolitical Shifts

  • Safe Haven Trades: Increased demand for safe investments following the Trump incident in reaction to global uncertainties.
  • China's Economic Challenges: Concerns persist as China's economy faces potential weaknesses.

Stay Informed

Follow real-time updates and expert analyses on market movements and trends to make informed decisions.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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