The S&P/ASX 200 Index opened the session lower by 39.10 points (-0.51%), trading at 7,670.50 as of 10:00 am AEST on 11 April 2025. The drop follows weak global sentiment, particularly after the Nasdaq’s 737-point crash on Thursday, which sent ripples across Asian markets.
ASX 200 Opening Snapshot
| Metric | Value |
|---|---|
| Open | 7,709.60 |
| Current | 7,670.50 |
| Change | -39.10 (-0.51%) |
| High | 7,709.60 |
| Low | 7,670.50 |
| Previous Close | 7,709.60 |
| 52-Week High | 8,615.20 |
| 52-Week Low | 7,169.20 |
The index opened right at yesterday’s close but quickly drifted lower as investors booked profits and adjusted portfolios to align with overnight U.S. volatility.
Sectors Leading the Decline
- Tech and Growth Stocks: Underperforming in line with Nasdaq sentiment
- Energy Stocks: Reacting to subdued WTI crude prices (currently near $60.01)
- Financials: Mixed trend amid bond yield fluctuations
However, Defensive and Utilities remain relatively stable in early trading.
Global Factors Impacting ASX Today
- U.S. Inflation Shock: Stronger-than-expected CPI has led to fears of delayed rate cuts by the Federal Reserve
- Nasdaq Composite Fall: Dropped 4.31% on Thursday, putting pressure on global tech
- Crude Oil Weakness: WTI Crude down 0.45%, weighing on Aussie energy shares
- Australian Dollar: Slightly firmer, which could impact exporters
Technical View – Short-Term Levels to Watch
| Level Type | Value |
|---|---|
| Support 1 | 7,660 |
| Support 2 | 7,630 |
| Resistance 1 | 7,700 |
| Resistance 2 | 7,740 |
Holding above 7,660 is crucial for intraday buyers to keep momentum alive. A breach may invite deeper cuts toward 7,630.
Market Sentiment
“ASX is reacting predictably to global cues. It’s a risk-off open with profit-taking in sectors that led the rally earlier this week,” said James Taylor, Market Analyst at CMC Markets Australia.
“Eyes will remain on U.S. futures, commodity prices, and the Aussie bond market for signs of a bounce,” he added.
ASX Mirrors Global Caution
The ASX 200’s weak start reflects global investor caution, led by U.S. macro data and equity correction. Unless global sentiment stabilizes or local data brings positive surprise, the Australian market may struggle to stay in the green today.
Keep a close eye on intraday support levels and commodity movements, particularly oil and iron ore, to gauge further directional bias.
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