
Markets Surge, Energy Crisis Looms: ASX Gainers
About this episode
Markets surged this week as oil panic subsided, but tensions escalated with Israels attacks on Hezbollah targets, sending oil prices soaring. Aussie households face fuel shortages and rising energy bills, despite Canberras denial of a crisis. Energy Minister Chris Bowen defends renewables, while Sparc Technologies, Resolution Minerals, Jindalee Lithium, and OD6 Metals lead gains on promising developments.
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Sydney News Today | 2 Min News | The Daily News Now! — Markets Surge, Energy Crisis Looms: ASX Gainers. Machine-transcribed; use the interactive transcript above to jump the player to any line.
It's April 10th. This is Sydney News Today, AI-powered stories from your city. I'm Cori with the story. Markets rip higher the short week after a truce between the United States, Israel and Iran, eased oil panic, flipping traders back to risk on mode, just before the ASX Open Wednesday. Tensions flared fast, though, with Israel hitting nearly 100 Hezbollah targets in Lebanon Thursday, sidelineing any real peace and sending oil. Prices on a wild ride. Aussie households feel the pinch as fuel stations run dry and energy bills climb, while Canberra insists no crisis exists despite the 30-day. Tinker lag from the Strait of Hormuz. Energy Minister Chris Bowen doubled down on renewables at a heated presser, claiming the Sun never quits even as it dips before evening peaks. Brushing off warnings of economic fallout. Spark technologies led gainers up 106% on graphene paint buzz from a podcast, netting an ASX query, resolution minerals jumped.
76% via U.S. Fast 41 for its anti-money site, gindley lithium rows, 74% merging with a SPAC for NASDAQ dreams, OD-6 metals. Climb 70% on Nevada Floor Spar hits. Critical plays like these signal supply chain shifts staying front and center.
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