SpaceX surprise profit boosts Wall Street, ASX falls | Finance Report | ACB NEWS
Steep falls across mining stocks drove the Australian share market lower. Fortescue shares tumbled after the miner warned it may have to reduce its iron ore production as it remains locked in difficult supply negotiations with China’s state-owned resource buyer.
Meanwhile, better-than-expected earnings from Tesla, Meta and SpaceX provided a boost to Wall Street.
Presented by David Chau.
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2026-10-22/asx-markets-business-news-live-updates-thursday-22-october/107295020
Note: In most cases, our captions are auto-generated.
#ABCNEWS #ABCNEWSAustralia #ABCBusiness
