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Today
From Market Matters
[URL unfurl="true"]https://marketmatters.com.au[/URL]

"The ASX200 tried hard to rally throughout the session shrugging off early weakness in S&P500 futures as tech giant Nvidia announced new licensing requirements for US chipmakers exporting to China could cost the firm $US8bn a quarter causing the stock to trade down ~6% in after-hours. The local index traded up +30pts at its highest but gave it all back in the last hour of the session as negative US futures accelerated into the afternoon and became overbearing for the local market which had relied on strength in the Big Four banks all day to stay afloat.

The ASX200 fell -2pts/+0.04% closing at 7758.
Financials (+0.97%), Consumer Staples (+0.77%) and Utilities (+0.46%) solid all day.
Energy (-2.65%), Tech (-1.31%) and Healthcare (-1.07%) were laggards.
Chinese state data out Wednesday showed the economy expanded by a better than expected with Q1 GDP growth of 5.4% vs. 5.2% consensus, although the tariff threat prompted major investment banks to cut the country’s annual growth outlook.
Dutch semiconductor firm ASML, the world’s biggest supplier of computer chip-making equipment, missed estimates which compounded the Nvidia news driving down the NASDAQ futures ~2% at late in the session."

[ATTACH=full]197649[/ATTACH]

<blockquote data-quote="finicky" data-source="post: 1326769" data-attributes="member: 2104">TodayFrom Market Matters[URL unfurl=&quot;true&quot;]https://marketmatters.com.au[/URL]&quot;The ASX200 tried hard to rally throughout the session shrugging off early weakness in S&amp;P500 futures as tech giant Nvidia announced new licensing requirements for US chipmakers exporting to China could cost the firm $US8bn a quarter causing the stock to trade down ~6% in after-hours. The local index traded up +30pts at its highest but gave it all back in the last hour of the session as negative US futures accelerated into the afternoon and became overbearing for the local market which had relied on strength in the Big Four banks all day to stay afloat.The ASX200 fell -2pts/+0.04% closing at 7758.Financials (+0.97%), Consumer Staples (+0.77%) and Utilities (+0.46%) solid all day.Energy (-2.65%), Tech (-1.31%) and Healthcare (-1.07%) were laggards.Chinese state data out Wednesday showed the economy expanded by a better than expected with Q1 GDP growth of 5.4% vs. 5.2% consensus, although the tariff threat prompted major investment banks to cut the country’s annual growth outlook.Dutch semiconductor firm ASML, the world’s biggest supplier of computer chip-making equipment, missed estimates which compounded the Nvidia news driving down the NASDAQ futures ~2% at late in the session.&quot;[ATTACH=full]197649[/ATTACH]</blockquote>

[QUOTE="finicky, post: 1326769, member: 2104"] Today From Market Matters [URL unfurl="true"]https://marketmatters.com.au[/URL] "The ASX200 tried hard to rally throughout the session shrugging off early weakness in S&P500 futures as tech giant Nvidia announced new licensing requirements for US chipmakers exporting to China could cost the firm $US8bn a quarter causing the stock to trade down ~6% in after-hours. The local index traded up +30pts at its highest but gave it all back in the last hour of the session as negative US futures accelerated into the afternoon and became overbearing for the local market which had relied on strength in the Big Four banks all day to stay afloat. The ASX200 fell -2pts/+0.04% closing at 7758. Financials (+0.97%), Consumer Staples (+0.77%) and Utilities (+0.46%) solid all day. Energy (-2.65%), Tech (-1.31%) and Healthcare (-1.07%) were laggards. Chinese state data out Wednesday showed the economy expanded by a better than expected with Q1 GDP growth of 5.4% vs. 5.2% consensus, although the tariff threat prompted major investment banks to cut the country’s annual growth outlook. Dutch semiconductor firm ASML, the world’s biggest supplier of computer chip-making equipment, missed estimates which compounded the Nvidia news driving down the NASDAQ futures ~2% at late in the session." [ATTACH type="full"]197649[/ATTACH] [/QUOTE]

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