Swingfolio Daily
ASX briefings — Wednesday 24 June 2026
Morning setup and afternoon close recap for Wednesday 24 June 2026. Observations only — no trade advice.
Wednesday 24 June 2026
ASX poised to open lower on overnight chip rout; May CPI looms at 11:30 AEST
The Nasdaq fell 2.21% and the S&P 500 1.44% overnight as a memory-chip selloff (SanDisk SNDK.US -13.64%, Micron MU.US -13.18%) spread from Korea to the US semiconductor index, which dropped 7.87%. The Dow held flat and Microsoft MSFT.US rose 1.80%, so this was a chip and AI-hardware derating rather than a broad risk-off, though the VIX jumped 12.8% to 19.49. The ASX 200 is indicated to open about 0.3% lower, with the May CPI indicator at 11:30 AEST the session's swing factor.
ASX 200 edges up 0.2% as WiseTech rebounds 14% and CPI cools
The S&P/ASX 200 closed at 8,808.4 on 24 June 2026, up 0.24%, snapping a four-session slide. WiseTech rebounded 14.26% off a seven-year low after the company separated its business from its founder's legal scrutiny, and Xero rose 8.17%. May headline inflation eased to 4.0% while the trimmed mean ticked up to 3.6%. A gold-miner and iron-ore selloff (gold spot down 1.10%, Rio down 1.19%) capped the gain.