coin-img-ETHETH+1.42%coin-img-BTCBTC+0.96%coin-img-SOLSOL+0.10%coin-img-XRPXRP+0.35%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE+3.68%coin-img-NEARNEAR+10.31%coin-img-SUISUI+1.04%coin-img-ETHETH+1.42%coin-img-BTCBTC+0.96%coin-img-SOLSOL+0.10%coin-img-XRPXRP+0.35%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE+3.68%coin-img-NEARNEAR+10.31%coin-img-SUISUI+1.04%coin-img-ETHETH+1.42%coin-img-BTCBTC+0.96%coin-img-SOLSOL+0.10%coin-img-XRPXRP+0.35%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE+3.68%coin-img-NEARNEAR+10.31%coin-img-SUISUI+1.04%coin-img-ETHETH+1.42%coin-img-BTCBTC+0.96%coin-img-SOLSOL+0.10%coin-img-XRPXRP+0.35%coin-img-USDCUSDC+0.01%coin-img-HYPEHYPE+3.68%coin-img-NEARNEAR+10.31%coin-img-SUISUI+1.04%
user-avatar
PerthNow

Telstra slides 3.2% to $4.84, pulling ASX 200 down 0.23% as miners take profits

AI Market Summary
Australian equities slipped as Telstra's results were viewed as underwhelming following a recent outage, pushing the telecom sector sharply lower and weighing on the ASX 200. Materials also detracted as major miners saw profit-taking after a strong rebound, while tech provided partial offset. The AUD weakened modestly, reinforcing a risk-off tone in local markets amid earnings-driven dispersion.
Impact level
● Medium
Affected assets
NCSKASX2USD/USDT+1.14%
AI Insight · NCSKASX2USD/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Telstra reported full-year profit of $2.4bn, up 2.7% from a year earlier, but its shares fell 3.2% to $4.84 after the results disappointed the market. Mobile revenue rose 3.2% to $11.37bn and accounted for 44% of total income. Other telecom stocks also weakened, with TPG Telecom down 0.28% and Superloop down 3.11%. The declines helped push the ASX 200 down 0.23% at the close.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
Stock Index

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.