ASX 200 continues to soar, adding to its record high after a boom on Wall Street
The index has risen 0.7 per cent in the first 45 minutes of trading on Friday, adding more than $20b to local investors' portfolios.
Best performers include major miners Iluka Resources (up 4.9 per cent), Pilbara Minerals (up 6.5 per cent) and Mineral Resources (up 4.4 per cent).
Australian regenerative medicine company Mesoblast has surged about 20 per cent after revealing strong results from the commercial launch of children's drug Ryoncil.
Mining giant BHP has jumped 1.8 per cent after revealing record copper and iron ore production in the 2025 financial year.
RBC Capital Markets analyst Kaan Peker said he expects the 'stock to do well today' after the revelation.
'FY25 production guidance was achieved, with record iron ore production and two million tonnes of copper produced for the year,' Mr Peker said.
Tech stocks have shined on Friday with family social media app-owner Life360 rising two per cent per cent, buy-now-pay-later company Block jumping 2.7 per cent and data centre owner Nextdc rising 1.5 per cent.
Wall Street was in the green on Thursday with the Dow Jones and S&P 500 rising half a per cent while the Nasdaq jumped 0.8 per cent.
London's FSTE 250 added 0.8 per cent, Germany's DAX lifted 1.5 per cent and the STOXX Europe 600 rose one per cent on Thursday.
New Zealand's NZX 50 Index has slumped 0.1 per cent since trading began on Friday while Japan's Nikkei 225 is up 0.1 per cent.
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News.com.au
26 minutes ago
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Herald Sun
an hour ago
- Herald Sun
PH2 proposes Pure One rebrand
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