ASX Live Coverage – August 7, 2023
Welcome to our live coverage of the Australian Securities Exchange (ASX) for August 7. We’re testing a new format for our updates, featuring a higher frequency of posts leading up to the market opening and throughout the day with key developments. Our blog will conclude around 2:00 pm AEST, so remember to refresh the page for the latest information. We also value your feedback, so please take a moment to share your thoughts here.
Morning Update
[8:30 am] The ASX 200 futures are showing a decline of 27 points, or -0.30%. Overnight, the S&P 500 experienced a significant increase, climbing 0.73%. However, this upward momentum was mostly attributed to major technology companies, including Apple, which rose by 5.0%, Amazon with a 4.0% gain, and Tesla, which increased by 3.6%. In contrast, the equal-weighted S&P 500 index exhibited a different trend, finishing down by 0.22%, indicating underlying market weaknesses, as more stocks declined than advanced.
For those unfamiliar with this blog, you can catch up quickly by referring to today’s Morning Wrap for essential updates.
Stay tuned for more updates throughout the day!
