ASX Stumbles Amidst Global Economic Whispers The Australian sharemarket's flat finish on Tuesday was less about a lack of momentum than about being caught in the undertow of global economic uncertainty.
BHP and CSL's profit driven rallies were offset by broad declines in banks, consumer stocks, and gold producers, as investors grappled with rising inflation concerns.
BHP, the world's largest mining company, saw its shares jump 2. 7% following a strong profit announcement, but this was hardly a cause for celebration amidst the market's overall lackluster performance.