ASX Faces Rebound, Cost Shock and Trial Timing Over Long Weekend
ASX Ltd shares closed at A$47.68 on Friday, up 1.53%, ahead of the King’s Birthday market holiday. The S&P/ASX 200 fell 0.70% to 8,625.10, weighed down by banks and miners. ASX shares remain below late May levels after a 13.2% plunge on May 26, triggered by higher spending forecasts. Legal proceedings over the failed CHESS upgrade continue, with an ASIC hearing set for June 15.