The S&P/ASX 200 has reversed its earlier losses and is now trading slightly higher, up 5.60 points or 0.07% at 8,163.40 as of 1:56 pm AEST. This intraday turnaround reflects renewed investor confidence following a volatile morning influenced by global market jitters.
Despite lingering uncertainty from Wall Street’s overnight retreat, Australian equities have shown resilience, with strength in energy, discretionary, and real estate stocks helping the index climb back into positive territory.
ASX 200 Rebound Today (1:56 pm) [ASX.com.au]
Market Movers
Leading today’s rebound are:
- Tabcorp Holdings Limited (TAH), up 33%, extending earlier gains as optimism builds around its digital wagering operations and cost-cutting efforts.
- NEXTDC Limited (NXT), also climbing 10%, continues to benefit from investor enthusiasm over data centre growth and increasing AI-driven demand for cloud infrastructure.
These two stocks have helped offset losses in sectors like healthcare and financials, which remain under pressure due to global inflationary concerns and rate policy uncertainty.
Also Read: ASX Dips Amid Global Uncertainty Following Wall Street Retreat
Sector Snapshot
Of the ASX’s 11 major sectors, six are trading higher, with Energy (+0.85%) leading the charge, buoyed by rising oil prices and strong performance from local energy producers.
Other gainers include:
- Consumer Discretionary: +0.81%
- Real Estate: +0.74%
- Materials: +0.69%
- Telecommunication: +0.43%
- Information Technology: +0.20%
On the downside:
- Health Care is underperforming with a notable decline of -1.21%, dragged lower by heavyweights in the pharmaceutical and diagnostics sectors.
- Consumer Staples: -0.47%
- Financials: -0.30%
- Industrials: -0.09%
- Utilities: -0.06%
ASX 200 Momentum Over the Week
Over the last five trading sessions, the ASX 200 has gained 1.15%, indicating a modest but consistent upward trend. However, the index remains virtually unchanged for the year to date, reflecting the market’s ongoing battle with both domestic headwinds and global macroeconomic shifts.
Outlook
Today’s recovery, while modest, demonstrates the ASX’s capacity to weather external volatility, particularly when local sectors like energy and tech show relative strength. With global markets still digesting the implications of President Trump’s new tariffs and investors eyeing the U.S. Federal Reserve’s upcoming decision, short-term movements are likely to remain unpredictable.
Still, today’s midday comeback offers a positive signal for investors looking for stability amidst global market noise.
