Shares of Australia-listed copper producers fell in recent Friday trade as the price of the metal fell from its recent record high.
Shares of BHP (ASX:BHP) and Capstone Copper (ASX:CSC) fell past 2% in recent Friday trade, while Sandfire Resources (ASX:SFR) dropped past 4%.
U.S. President Donald Trump said he advocated for Visa's entry into the Chinese credit card industry, noting that he personally raised the issue of market expansion during the Xi-Trump summit, Reuters reported Thursday.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
HSBC expected Australian home prices to fall up to 6% over the next two years as the country's housing market sees effects of soft investor demand and new tax policies, according to a Friday Australian Financial Review report, citing HSBC Chief Economist Paul Bloxham.Bloxham expects national home prices to decrease in the second half of the year, with year-on-year growth to close flat as the Reserve Bank of Australia's cash rate hikes are already feeding through to softer conditions, the report added.HSBC sees home price declines continuing in the following year and expects a decrease of 2% to 6% year-on-year in 2027.According to the AFR report, HSBC also warned that falling prices are increasing financial strain on households and mortgage holders, but added that the banking system remains well capitalized and housing-related leverage is still supported by low levels of negative equity.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
China Merchants Port Group's (SHE:001872) container throughput jumped 5.2% year over year to 17.9 million twenty-foot equivalent units in April, according to a Friday filing with the Shenzhen bourse.Cargo throughput slid 12% year over year to 94.8 million tons.Shares fell 3% during the midday break on Friday.