TMH Market Update: ASX200 edges lower on US inflation read

The Market Herald01-12

The ASX is trading down about .2 of a per cent this morning with 9 of the 11 sectors in negative territory. The subdued start to Friday trades follows a hotter-than-expected inflation read from the US...

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This follows a 10-year wait for SEC approval.\nIn company news,\nChild safety and communications tech company Spacetalk (ASX:SPA) has lost more than three per cent after reporting a 77 per cent surge in Mobile (MVNO) active subscribers, totalling more than 26,000, as of December 31, 2023.\nThe company attributed its growth following a successful Q2, marked by robust Black Friday and Cyber Monday sales.\nThe company was trading at 2.8 cents.\nSyrah Resources (ASX:SYR) has jumped nearly seven per cent on hopes to begin active anode material (AAM) production at its 11.25ktpa AAM facility in Vidalia, Louisiana by the end of January. The company has almost completed all commissioning processes across the facility, including key milling, purification, and furnace process areas and equipment.\nSYR last traded at 56 cents.\nGold and base metals explorer Rincon Resources (ASX:RCR) has fallen nearly 16 per cent towards its raised price of 3.3 cents after securing $1.43 million through an oversubscribed placement. The funds raised are for the expansion of the ongoing drill program at its West Arunta project in Western Australia.\nRCR last traded at 3.8 cents.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2402599792"}