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ASX Market Open: Cagey trade day coming with Tuesday bloodbath behind, Nvidia results ahead | Nov 19
The Market Online· 2025-11-18 21:00
Company News - CSL Ltd (ASX:CSL) is investing $2.3 billion in expanding its U.S. manufacturing facilities through 2030 to mitigate the impact of Trump tariffs long-term [5] - KMD Brands (ASX:KMD), owner of Kathmandu and Rip Curl, reported a 7.9% year-on-year increase in group sales, with Rip Curl being the best performer at +6.6%, while Oboz sales fell by -1.3% [6] Market Overview - ASX futures indicate a slight gain of just under five points, reflecting a +0.05% advance as traders assess the week's developments [2] - Global markets are experiencing a downturn, with Wall Street indices, including the Dow Jones and Nasdaq, down by -0.9% and -0.88% respectively, amid concerns of overvaluation driven by the AI hype [3] Commodities and Forex - The Australian dollar is trading at 65.1 U.S. cents [7] - Iron Ore prices remain flat at $104.45 per tonne, Brent Crude has increased by +1% to $64.87 per barrel, and Gold is priced at $4,072 per ounce [7]