Australian ETF market hits $372B
The Australian exchange-traded fund market reached a total value of $61.6 billion in the sector over the financial year.
The Australian exchange-traded fund market reached a total value of $61.6 billion in the sector over the financial year.
Volkswagen plans to cut its sprawling model lineup by as much as 50% as part of a savings push. It comes after a supervisory board meeting stopped short of agreeing on deeper workforce reductions at the German automaker. Bloomberg's Elisabeth Behrmann reports.
Axel REE (ASX:AXL) has executed a multi-stage plan to apply in-situ recovery technology at its Caladão Rare Earths and Gallium Project.
Broadcast media platform GTN (ASX:GTN) issued a market clarification on July 10 regarding its commercial structures.
SK Hynix raised $26.5 billion in its American depositary receipt offering, the largest ever US first-time share sale by a foreign company. The South Korean memory chipmaker's US offering gives the company a powerful fundraising channel, tapping investors looking for more ways to play the artificial intelligence infrastructure trade. Bloomberg's Denny Thomas reports from Seoul.
On Tuesday, the semiconductor-heavy Kospi Index in South Korea dropped 10% from all-time highs. At the same time, investors rotated to the Hang Seng China Enterprises Index which climbed more than 4% in a single day, its biggest advance since April 2025. Opening Trade guests discuss whether this signals an impending bear market, with rising inflation, tariff pass-through effects, and the possibility of central bank interest-rate hikes all adding to market risks.
The Finance Sector Union has lodged a formal dispute against the Commonwealth Bank of Australia (ASX:CBA) following 276 local job cuts.
The Brazilian government extended its 12% temporary tax on crude oil exports for 60 days, impacting Karoon Energy (ASX:KAR).
Peregrine Gold (ASX:PGD) discovered gold-bearing palaeo gravels mapped over a three to four-kilometre range at its Newman Project.
Norwegian striker Erling Haaland has become a viral sensation in mainland China. Memes featuring the Norwegian football star have spread across Chinese social media with companies also seeking to capitalize on his fame. Bloomberg China Correspondent Minmin Low explains.
Telstra (ASX:TLS) CEO Vicki Brady issued a public apology to customers on July 10 following a nationwide network failure.
Data centre operator NextDC (ASX:NXT) has secured new senior debt facilities totalling $2.3 billion to support its growth.