ASX 200 Ends Quiet Ahead of U.S.—China Talks
The ASX 200 closed flat at 8,732 on Monday, reversing early weakness as stronger U.S. stock futures lifted sentiment ahead of a bilateral summit between President Trump and Chinese leader Xi Jinping on September 24, expected to cover tariffs, minerals, and broader economic ties. Meanwhile, Treasury Secretary Bessent described his weekend talks with Chinese VP He Lifeng as “successful.” Consumer non-durables, financials, and utilities advanced, while healthcare, non-energy minerals, and logistics retreated. It was the second subdued local session, as traders continued to weigh Reserve Bank Governor Bullock’s warning that inflation remains stubbornly high, keeping rate-hike risks alive. Investors now await Australia’s flash September PMI and August labor data. Ramelius Resources jumped 6.2%, followed by Paladin Energy (3.4%) and Viva Energy (1.9%), while the big four banks rose between 0.4%—0.9%. On the downside, BHP Group (-0.4%), Xero Ltd. (-4.3%), and Lynas Rare Earths (-2.6%) lagged.
S. stock futures lifted sentiment ahead of a bilateral summit between President Trump and Chinese leader Xi Jinping on September 24, expected to cover tariffs, minerals, and broader economic ties. ” Consumer non-durables, financials, and utilities advanced, while healthcare, non-energy minerals, and logistics retreated. It was the second subdued local session, as traders continued to weigh Reserve Bank Governor Bullock’s warning that inflation remains stubbornly high, keeping rate-hike risks alive.
Investors now await Australia’s flash September PMI and August labor data. 9%. 4%), Xero Ltd. 6%) lagged.