Closing Bell 10th November: Shut No More: Wall Street Optimism Fuels ASX’s Best Day in Weeks
The ASX surged on Monday, tracking global optimism after US senators reached a deal to reopen the government, lifting investor sentiment. By 2pm AEDT, the S&P/ASX 200 rose 0.6% to 8822.5, on track for its best day in two weeks. Wall Street futures also strengthened, with Nasdaq…
Closing Bell 10th November: Shut No More: Wall Street Optimism Fuels ASX’s Best Day in Weeks By Jonathan Tacadena - November 10, 2025 What's Affecting Markets Today Asia Stocks Rebound as Investors Digest China Inflation, BOJ Signals Rate Shift Asia-Pacific markets advanced on Monday, rebounding from last week’s declines driven by concerns over lofty artificial intelligence valuations. Investor sentiment improved following stronger-than-expected inflation data from China and signals of potential policy tightening from Japan. China’s consumer price index rose 0.2% year-on-year in October, beating forecasts of flat growth, while producer prices fell 2.1%, slightly better than expected. The data helped lift regional confidence, though mainland shares underperformed, with the CSI 300 slipping 0.26%. Japan’s Nikkei 225 gained 0.98% and the Topix rose 0.33% as 10-year government bond yields touched 1.695%, the highest since October. Minutes from the Bank of Japan’s October meeting suggested policymakers were increasingly open to a rate hike, citing improving conditions for policy normalization. South Korea’s Kospi climbed nearly 3%, led by gains in banking and insurance stocks, while Hong Kong’s Hang Seng index advanced 0.54%, joining the regional recovery trend. ASX Stocks ASX 200 8,826.80 (+0.65%) ASX Rallies as Gold and Tech Lead Gains Amid US Shutdown Deal The ASX surged on Monday, tracking global optimism after US senators reached a deal to reopen the government, lifting investor sentiment. By 2pm AEDT, the S&P/ASX 200 rose 0.6% to 8822.5, on track for its best day in two weeks. Wall Street futures also strengthened, with Nasdaq up 1%. Gold miners led the rally as bullion climbed 1.1% to US$4043 an ounce on expectations of another Federal Reserve rate cut. Evolution Mining jumped 3.8%, Perseus Mining 3.5%, and Northern Star 0.8%. Technology stocks followed suit, with WiseTech Global up 4.7% and Life360 rising 3.4%. Banks were mixed — ANZ gained nearly 3% despite weaker profit results, while CBA and NAB slipped. Monadelphous Group soared almost 10% on upbeat revenue guidance, and Iress climbed 6% after outlining a margin improvement plan. DroneShield added 1.2% despite retracting a US contract announcement, while Mayne Pharma tumbled 4.5% as a suitor appealed its takeover ruling. Leaders DTR Dateline Resources Ltd (+20.00%) LTR Liontown Resources Ltd (+12.26%) FFM Firefly Metals Ltd (+11.27%) VUL Vulcan Energy Resources Ltd (+9.92%) DYL Deep Yellow Ltd (+9.60%) Laggards PXA Pexa Group Ltd (-3.68%) SEK Seek Ltd (-2.53%) PPM Pepper Money Ltd (-2.03%) RYM Ryman Healthcare Ltd (-1.94%) EDV Endeavour Group Ltd (-1.79%)
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