Jackie Edwards

Australian home prices stagnated last month, with growth weakening across most major cities as higher borrowing costs and tax reforms sapped demand.

A broad surge in metals markets has boosted BHP Group Ltd. shares, helping the miner unseat Commonwealth Bank of Australia as the nation’s most valuable company.

ASX Ltd. said it is aware of reports that some users of Austraclear, a platform for wholesale debt securities settlement, are encountering problems when connecting over the internet.

BlueScope Steel Ltd. shares slipped after it turned down the latest takeover approach from the US’s Steel Dynamics Inc., arguing an $8.8 billion joint offer with Australian conglomerate SGH Ltd. “very significantly” undervalued its assets.

Singapore Exchange Ltd. said it’s not considering buying Cboe Global Markets Inc.’s Australian unit, refuting an earlier Australian Financial Review report.

A technical outage at ASX Ltd. halted company announcements on Australia’s main stock market for hours on Monday, adding to a string of mishaps that have intensified regulatory scrutiny of the exchange and fueled calls for more competition.

Macquarie Group Ltd.’s quants picked the winner of the Melbourne Cup on Tuesday, backing Half Yours.

Australia’s sovereign wealth fund recorded a 13.7% return for the 12 months through September, supported by equities and alternative assets.

The Nasdaq Golden Dragon China Index rose 1.4% Wednesday to 8,759.71. The S&P 500 rose 0.3%.

The Nasdaq Golden Dragon China Index rose 1.4% Wednesday to 8,759.71. The S&P 500 rose 0.3%.