Swingfolio Daily
ASX briefings — Wednesday 1 July 2026
Morning setup and afternoon close recap for Wednesday 1 July 2026. Observations only — no trade advice.
Wednesday 1 July 2026
morning
ASX 200 opens FY2027 into a semiconductor-led Wall Street rally
The ASX 200 starts FY2027 into a strong overnight US lead: the Nasdaq rose 1.52% and the Philadelphia Semiconductor Index 3.92% on AI-infrastructure demand. KLAC.US (+8.38%) led chip-equipment names, while gold eased to US$4,026/oz and AUD/USD firmed to 0.6920. A hawkish Fed hold lifted the US 10-year to 4.42%.
Bullish3 min read
afternoon
ASX 200 opens FY27 down 0.6% as banks drag, fund managers and miners rally
The S&P/ASX 200 closed at 8,722.9 on 1 July 2026, down 0.64%, as the big four banks fell 1.4% to 2.5% on the first session of FY27. CSL rose 3.16%, South32 gained 9.74% on the Alcoa aluminium deal, and uranium names rallied, capping the fall. Coles dropped 4.19% on confirmed Greencross due-diligence talks.
Bearish4 min read