Australia faces same issues that flipped control of US Congress in midterms, experts say
Published . Updated .
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Anthony Albanese’s government has taken a blow due to Iran war but voter anxiety around cost of living and datacentres may hit harder
Directly affected
- No company is named in this report.
Indirectly affected
- ITA iShares U.S. Aerospace & Defense ETF+1.1% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.
- XAR SPDR S&P Aerospace & Defense ETF-4.4% 30d
SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “war” (defense) in this story.
- EWA iShares MSCI Australia ETF+1.3% 30d
iShares MSCI Australia ETF holds stocks listed in Australia, which this story is about (“australia”).
- BHP BHP Group-8.3% 30d
BHP Group (metal mining) is one of the largest Australia-based companies traded in the US, so news about Australia (“australia”) reaches its shares.
- IREN Iren-41.3% 30d
Iren (finance services) is one of the largest Australia-based companies traded in the US, so news about Australia (“australia”) reaches its shares.
- MESO Mesoblast
Mesoblast (biological products, (no diagnostic substances)) is one of the largest Australia-based companies traded in the US, so news about Australia (“australia”) reaches its shares.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| ITA | +2.67% | +5.93% | base | after close | after close | after close | after close |
| XAR | +6.16% | +9.25% | base | after close | after close | after close | after close |
| EWA | +0.92% | -0.65% | base | after close | after close | after close | after close |
| BHP | +0.77% | -0.62% | base | after close | after close | after close | after close |
| IREN | +32.99% | +35.85% | base | after close | after close | after close | after close |
| MESO | +7.46% | +4.98% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Anthony Albanese’s government has taken a blow due to Iran war but voter anxiety around cost of living and datacentres may hit harder Get our daily political email , free app or daily news podcast The Democrats’ stunning midterm victory sh…
Source: The Guardian
Defense
| Company | When | Move | Status |
|---|---|---|---|
| BHP | three days earlier | -0.62% | final price |
| BHP | five days earlier | +0.77% | final price |
| EWA | three days earlier | -0.65% | final price |
| EWA | five days earlier | +0.92% | final price |
| IREN | three days earlier | +35.85% | final price |
| IREN | five days earlier | +32.99% | final price |
| ITA | three days earlier | +5.93% | final price |
| ITA | five days earlier | +2.67% | final price |
| MESO | three days earlier | +4.98% | final price |
| MESO | five days earlier | +7.46% | final price |
| XAR | three days earlier | +9.25% | final price |
| XAR | five days earlier | +6.16% | final price |
How solid the defense case looks
12 out of 100
“Australia faces same issues that flipped control of US Congress in midterms, experts say” scores 12 out of 100. The score uses 1 sources.