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ASX:ASB 18 December 2025 - 8 January 2026

Australia stock market today: ASX 200 closes higher as tech rebounds; BlueScope pushes back on $13.2b bid

Australia stock market today: ASX 200 closes higher as tech rebounds; BlueScope pushes back on $13.2b bid

The S&P/ASX 200 closed up 0.29% at 8,720.8, led by gains in tech and healthcare, while miners fell. BlueScope rejected a A$13.2 billion takeover bid from SGH and Steel Dynamics. Ansell shares dropped 6.2% as CEO Neil Salmon announced his retirement, with Nathalie Ahlström set to take over in February. The Australian dollar slipped to about 67 U.S. cents.
8 January 2026
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Australia Stock Market Today (18 December 2025): ASX 200 slips as tech and uranium sink, Austal lands $1.03bn defence contract

Australia Stock Market Today (18 December 2025): ASX 200 slips as tech and uranium sink, Austal lands $1.03bn defence contract

Boss Energy shares plunged after the company withdrew its Honeymoon project feasibility study, triggering a sharp sell-off in uranium stocks. The S&P/ASX 200 fell for a fourth session, down as much as 0.38% before paring losses to close near 8,571, off 0.15%. Tech stocks tracked global weakness following steep declines in Oracle and Nvidia. Miners held steadier, cushioning the broader market.
18 December 2025
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Stock Market Today

  • Expeditors International Shares Rise 6% Amid Valuation Debate
    May 15, 2026, 1:11 PM EDT. Expeditors International of Washington (EXPD) has gained about 6% in the last month, driven by optimism around its global logistics operations. The stock price stands near US$153.61, delivering a 1-year shareholder return of 35.2%. However, the company's price-to-earnings (P/E) ratio of 24x is considered high versus the global logistics industry average of 15.8x and the peer average of 20.3x, suggesting potential overvaluation. Analysts note the stock trades at a 9.2% discount to fair value per discounted cash flow models but warn that P/E ratios could decline if growth expectations weaken. With revenue and net income both forecast to grow around 4%, investors remain cautious about whether the current price fully reflects future growth prospects or if risks could temper sentiment.

Latest articles

Grab Stock Just Hit a Fresh 52-Week Low — Why Investors Still Aren’t Buying the Profit Beat

Grab Stock Just Hit a Fresh 52-Week Low — Why Investors Still Aren’t Buying the Profit Beat

15 May 2026
Grab Holdings shares hit a 52-week low of $3.46 in New York Friday, despite first-quarter revenue rising 24% to $955 million and profit reaching $120 million. Investors sold amid concerns over Indonesia’s new rule capping ride-hailing commissions at 8%, down from 20%. Grab said its Indonesian business model will need changes but downplayed the impact, noting two-wheel rides make up less than 6% of mobility volume.
Bitmine Stock Slides as Tom Lee’s $13.4 Billion Ethereum Bet Enters a New Test

Bitmine Stock Slides as Tom Lee’s $13.4 Billion Ethereum Bet Enters a New Test

15 May 2026
Bitmine Immersion Technologies shares dropped 7.7% Friday in New York as ether slid 3.4% to $2,221. Bitmine reported holding 5.2 million ETH, or 4.31% of supply, and plans to slow weekly ETH purchases. Peer Bit Digital said Q1 revenue fell 13.6% and ETH staking revenue dropped 29.4%. Polymarket traders put a 24% chance on Bitmine selling ETH in 2026.
Apple’s OpenAI Deal Hits Legal Turbulence Before WWDC AI Reveal

Apple’s OpenAI Deal Hits Legal Turbulence Before WWDC AI Reveal

15 May 2026
OpenAI is considering legal action against Apple after their ChatGPT-iPhone partnership failed to deliver deeper integration and subscription growth, sources told Reuters and the Financial Times. OpenAI’s lawyers are working with an outside firm on possible breach-of-contract steps. Apple is expected to detail more AI plans at WWDC, set for June 8-12. Apple shares rose about 1% Friday.
IREN Stock Drops After $3 Billion Debt Deal: Why Nvidia’s AI Bet Just Got More Expensive

IREN Stock Drops After $3 Billion Debt Deal: Why Nvidia’s AI Bet Just Got More Expensive

15 May 2026
IREN closed a $3.0 billion convertible senior notes sale to fund its shift from bitcoin mining to AI data centers. Shares fell $3.94 to $54.46 late Friday morning after the announcement. The offering follows a $3.4 billion AI cloud contract and a 5GW infrastructure partnership with Nvidia. IREN reported a wider net loss of $247.8 million for the March quarter as it decommissioned mining hardware.
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