Welcome to the Extreme Investor Network blog, where we provide unique insights and analysis on the latest trends in the stock market, trading, and Wall Street. Today, we take a closer look at the recent performance of the ASX 200 index and the Hang Seng Index.
The ASX 200 saw a solid gain of 1.08% on Monday, with bank, mining, and tech stocks leading the charge. The S&P ASX All Technology Index (XTX) also rallied 1.42%, showing strength in the technology sector.
Key players such as BHP Group Ltd (BHP) and Rio Tinto Ltd. (RIO) ended the session on a positive note, with gains of 1.77% and 0.20% respectively. National Australia Bank Ltd. (NAB) also rose by 1.03%, while Commonwealth Bank of Australia (CBA) and Westpac Banking Corp. (WBC) posted gains of 0.91% and 0.90% respectively. However, ANZ Group Holdings Ltd. (ANZ) saw a slight decline of 0.07%.
On the other hand, gold-related stocks and oil stocks took a hit as fears of a widespread conflict in the Middle East eased. Northern Star Resources Ltd. (NST) and Evolution Mining Ltd (EVN) saw declines of 1.42% and 1.47% respectively. Woodside Energy Group Ltd (WDS) and Santos Ltd (STO) also ended the session in negative territory with losses of 2.62% and 1.15% respectively.
For more insights on market movements and trends, stay tuned to the Extreme Investor Network blog. We provide valuable analysis and unique perspectives to help you navigate the stock market with confidence.
