ASX Slides as Wall Street Rises | Australia News

Australia’s stock market opened shaky as financials dragged the S&P/ASX 200 down, led by Westpac’s sharp slide after home loan volumes plummeted under new tax rules—yet the bank still posted a solid profit bump. Meanwhile, mining rallied on Pentagon-backed investment in scandium mining, lifting Sunrise Energy Metals 13%, while gold and big miners like BHP and Rio Tinto also gained. Wall Street ended higher, fueled by tech stocks and hopeful Fed rate hike signals. Treasury Wine Estates surged 5% despite writedowns, pivoting to bulk wine amid shifting US demand. Energy lagged despite rising oil prices amid Middle East tensions—all eyes now on inflation data for next moves. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d41b192a295fac79