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← SBS News In Depth
ASX closes at fresh record high, as tech and mining stocks rally artwork

ASX closes at fresh record high, as tech and mining stocks rally

SBS News In Depth
06:55
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Show notes

The Australian sharemarket has closed at a new record high, amid hopes for an imminent re-opening of the Strait of Hormuz. Rena Sarumpaet spoke to Jun Bei Liu, founder and portfolio manager of Ten Cap Investment Management. She'd had a close eye especially on US corporate reports - none more fascinating than Elon Musk's Spacex, which reported its first quarterly earnings as a public company. Overall, it saw a half a billion US dollar loss, around half that of the same period last year. But revenue nearly doubled to nearly US $8 billion - although the big price tag for growth was capital expenditure - jumping fivefold to US$ 18 Billion.

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ASX closes at fresh record high, as tech and mining stocks rally — SBS News In Depth | Josplay Music