ASX Market Open: Dip buying Down Under won’t be enough to keep Week 9 from turning red again | Feb 25, 2025

The Market Herald
02-25

After barely edging into the green late yesterday, Australian shares are now expected to open Tuesday trade down again – ASX 200 futures are pointing to a 0.33% decline once 10am rolls around in Sydney this morning.

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There was some buzz upwards in the U.S. overnight as investors looked to buy the late February dip, but that slowly vanished as the final bell loomed up.

The Dow Jones gave back 0.4% while the Nasdaq sagged as much as 0.5% today.

Gold went the other way though, landing a ninth top-mark finish – more on that later.

There’s a real skittishness on Wall Street ahead of Nivida’s reporting on Wednesday (Thursday for us); U.S. indices basically moved with the stock.

Traders will watch company reporting closely back home in Oz too, of course, with the February reporting season slowly wrapping up.

Today: Domino’s (ASX:DMP), Nine Entertainment (ASX:NEC), Platinum Asset Management (ASX:PTM), Woodside Energy (ASX:WDS), and Zip Co (ASX:ZIP).

Nine will be one to watch closely considering it may soon sell its real estate arm, Domain Holdings. U.S. leader CoStar Group is looking to get into the Aussie market through a sale there; it offered $1.7 billion on Friday.

WiseTech Global (ASX:WTC) too will be on the watchlists after investors wiped as much as $10 billion from its market valuation after four board members quit.

More market news

More White: WiseTech survived a sex scandal. It can’t shake off a director walk-out

Baxter: Why interest rate cuts are bad news for the Australian economy

Elsewhere, the Albanese government is working on new laws to create a “universal outdoor mobile obligation” which would require Telstra (ASX:TLS), TPG Telecom (ASX:TPG), and Optus to ensure rural Aus has voice and text service.

Over to forex, the Aussie dollar is buying 63.4 US cents.

To commodities, which are in the greenback,

Iron Ore has held firm around $108.30 a tonne in Singapore,

Brent Crude is trading at $74.73,

Gold, as mentioned earlier, is trading at $2,962 per ounce – the ninth time in 2025 the safe haven metal has hit an all-time high, and,

US natgas futures are down 5.2%, to $4.01 per gigajoule.

That’s Market Open, I’m Isaac McIntyre, stick with us for HotCopper’s Market Update.

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The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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