免费

ASX falls as banks, tech stocks decline; Reject Shop soars on takeover bid

UpdatedBusinessMarketsWorld marketsBy Staff reporterUpdated March 27, 2025 — 4.17pm, registeror subscribeto save articles for later.Save articles for laterAdd articles to your saved list and come back to them any time.Welcome to your five-minute recap of the trading day.The numbersThe relief party on the Australian sharemarket seems to be over as Trump tariffs are back in focus, with local shares trading lower after drops for Nvidia, Tesla and other tech giants dragged down Wall Street.The S&P/ASX 200 fell 30 points, or 0.4 per cent, to 7969 points when the market closed on Thursday. Seven of the 11 industry sectors declined, led by tech stocks and real estate investment trusts. The ASX added 0.7 per cent on Wednesday.The liftersPartying on its own, The Reject Shop’s stock soared 109.5 per cent to $6.60 after the discount retailer said it agreed to be bought by Canadian dollar shop chain Dollarama to more than double its $3.15 closing price from Wednesday night.LoadingAmong the brighte…