Swingfolio Daily
ASX briefings — Tuesday 7 July 2026
Morning setup and afternoon close recap for Tuesday 7 July 2026. Observations only — no trade advice.
Tuesday 7 July 2026
ASX 200 to edge lower on 7 July as Wall Street's chip-led rally skips local sectors
US stocks rose on Monday on a narrow, chip-led rally, with AMD.US up 6.61% and the Nasdaq up 1.12%. SPI futures point the ASX 200 0.1% lower into Tuesday's open, the local index giving back after Friday's 1.37% gold-led jump. Gold held near US$4,178, iron ore sat at US$98.20 a tonne on China's Fortescue curbs, and the RBA cash rate stays at 4.35%.
ASX 200 falls 0.31% as a resources rout offsets an eight-week bank high, 7 July 2026
The ASX 200 fell 0.31% to 8,803.90 on 7 July 2026 as a materials selloff on Strait of Hormuz shipping attacks offset an eight-week high in the big four banks. WiseTech rose 5.65% after Richard White resigned as executive chair. Breadth was weak: 127 of 212 large caps fell and the equal-weight average lost 1.21%.