ASX Midday Sector Update: Real Estate Stocks Soar, Financials Struggle

MT Newswires Live

Apr 02, 2025

Real estate stocks jumped 1.94% at midday Wednesday. The S&P 500 and the Nasdaq Composite indices closed higher after a volatile day of trading, ahead of trade tariffs by the US.

Lendlease Group (ASX:LLC) completed the sale of its UK construction business to Atlas Holdings after satisfying all conditions precedent. The sale marks Lendlease's exit from international construction, following the divestment of its operations in the US and Asia.

On the flip side, the materials sector struggled, falling 1.42%. Gold prices continued their upward trend on safe-haven demand.

Mineral Resources (ASX:MIN) said that, along with managing director and founder Chris Ellison, it has been served with a class action proceeding filed in the Supreme Court of Victoria on Monday. The lawsuit concerns payments by the company to offshore entities linked to Ellison, addressed by the company since October 2024, it said.

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The S&amp;P 500 and the Nasdaq Composite indices closed higher after a volatile day of trading, ahead of trade tariffs by the US.</p><p>Lendlease Group (ASX:LLC) completed the sale of its UK construction business to Atlas Holdings after satisfying all conditions precedent. The sale marks Lendlease's exit from international construction, following the divestment of its operations in the US and Asia.</p><p>On the flip side, the materials sector struggled, falling 1.42%. Gold prices continued their upward trend on safe-haven demand.</p><p>Mineral Resources (ASX:MIN) said that, along with managing director and founder Chris Ellison, it has been served with a class action proceeding filed in the Supreme Court of Victoria on Monday. The lawsuit concerns payments by the company to offshore entities linked to Ellison, addressed by the company since October 2024, it said.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ASX Midday Sector Update: Real Estate Stocks Soar, Financials Struggle</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX Midday Sector Update: Real Estate Stocks Soar, Financials Struggle\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-04-02 10:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Real estate stocks jumped 1.94% at midday Wednesday. The S&amp;P 500 and the Nasdaq Composite indices closed higher after a volatile day of trading, ahead of trade tariffs by the US.</p><p>Lendlease Group (ASX:LLC) completed the sale of its UK construction business to Atlas Holdings after satisfying all conditions precedent. The sale marks Lendlease's exit from international construction, following the divestment of its operations in the US and Asia.</p><p>On the flip side, the materials sector struggled, falling 1.42%. Gold prices continued their upward trend on safe-haven demand.</p><p>Mineral Resources (ASX:MIN) said that, along with managing director and founder Chris Ellison, it has been served with a class action proceeding filed in the Supreme Court of Victoria on Monday. The lawsuit concerns payments by the company to offshore entities linked to Ellison, addressed by the company since October 2024, it said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LLC.AU","symbol_name":"LENDLEASE GROUP","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2524910911","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524910911","pubTimestamp":1743561555,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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