ASX 200 Closes 0.4% Lower
2026-05-25 06:24
By
Farida Husna
1 min. read
The ASX 200 rose 35 points or 0.4% to end at 8,692 on Monday, up for the third session amid a surge in U.S.
stock futures as hopes of a deal to reopen the Strait of Hormuz lifted market sentiment, even as President Trump signaled he would not “rush” into a deal.
Trump also said he wants Kevin Warsh to independently lead the Fed after a shakeup at the U.S.
central bank.
However, gains were capped by caution ahead of U.S.
PCE data later this week.
Locally, Australia's April CPI will be released in the coming days, after March figures hit their highest since September 2023, driven in part by fuel costs.
Meanwhile, U.S.
stocks will be closed today for a holiday.
Most sectors were in the green, led by non-energy minerals, process industries, producer manufacturing, and consumers.
Heavyweight BHP Group gained 0.7% while other top performers included Qantas Airways (5.7%), Northern Star Resources (5.4%), and Evolution Mining (4.5%).
Three of four major lenders rose between 0.3% to 0.8%.