Closing Bell: All 11 sectors sell off, but Mesoblast jumps 52pc on FDA nod

Stockheads2024-12-19

ASX hits six-week low as Fed signals slower rate cuts Mesoblast jumps 52pc on FDA approval Aussie dollar tumbles on Fed comments The ASX took a heavy hit on Thursday, down by 1.7% after the US Federal...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492486409?lang=en_US&edition=fundamental","thumbnail":"https://stockhead.com.au/wp-content/uploads/2024/12/All-11-ASX-sectors-sold-off-amid-rates-fears.-Picture-via-Getty-Images--640x360.jpg","is_english":true,"pubTime":"2024-12-19 14:28","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492486409","market":"hk","top_or_hot":-1,"title":"Closing Bell: All 11 sectors sell off, but Mesoblast jumps 52pc on FDA nod","media":"Stockheads","content":"<div>\n<p>ASX hits six-week low as Fed signals slower rate cuts\nMesoblast jumps 52pc on FDA approval\nAussie dollar tumbles on Fed comments\nThe ASX took a heavy hit on Thursday, down by 1.7% after the US Federal...</p>\n\n<a href=\"https://stockhead.com.au/news/closing-bell-all-11-sectors-sold-off-amid-rates-fears-but-mesoblast-jumps-52pc-on-fda-nod/\">Source Link</a>\n\n</div>\n","source":"stockheads_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Closing Bell: All 11 sectors sell off, but Mesoblast jumps 52pc on FDA nod</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nClosing Bell: All 11 sectors sell off, but Mesoblast jumps 52pc on FDA nod\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-19 14:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://stockhead.com.au/news/closing-bell-all-11-sectors-sold-off-amid-rates-fears-but-mesoblast-jumps-52pc-on-fda-nod/><strong>Stockheads</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ASX hits six-week low as Fed signals slower rate cuts\nMesoblast jumps 52pc on FDA approval\nAussie dollar tumbles on Fed comments\nThe ASX took a heavy hit on Thursday, down by 1.7% after the US Federal...</p>\n\n<a href=\"https://stockhead.com.au/news/closing-bell-all-11-sectors-sold-off-amid-rates-fears-but-mesoblast-jumps-52pc-on-fda-nod/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MESO","symbol_name":"Mesoblast Limited","start_time":0,"source_url":"https://stockhead.com.au/news/closing-bell-all-11-sectors-sold-off-amid-rates-fears-but-mesoblast-jumps-52pc-on-fda-nod/","article_id":"2492486409","we_media_id":null,"thumbnails":["https://stockhead.com.au/wp-content/uploads/2024/12/All-11-ASX-sectors-sold-off-amid-rates-fears.-Picture-via-Getty-Images--640x360.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492486409","pubTimestamp":1734589686,"columns":[],"sourceInfo":{"source_id":"stockheads_stock","name":"Stockheads"},"weMediaInfo":null,"summary":"ASX hits six-week low as Fed signals slower rate cuts","collect":0,"end_time":0,"defaultTopTitle":"stockhead.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"MESO":"Mesoblast Limited","BK4139":"生物科技"},"translate_title":"收盘钟声：所有11个板块均遭抛售，但Mesoblast因FDA批准而上涨52%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MESO":1},"content_text":"ASX hits six-week low as Fed signals slower rate cuts\nMesoblast jumps 52pc on FDA approval\nAussie dollar tumbles on Fed comments\nThe ASX took a heavy hit on Thursday, down by 1.7% after the US Federal Reserve’s cautious outlook on future rate cuts triggered a broad sell-off across Asian markets. All 11 ASX sectors closed in the red. Mining and tech stocks, particularly US-exposed companies such as Megaport (ASX:MP1), were among the hardest hit. MP1 shares plunged by 10%, while BHP (ASX:BHP) was down 2%.The Australian dollar also got hammered, dropping almost 2% to trade at US62.25 cents, while Bitcoin retreated to US$100,877 at the time of writing.Overnight, the market was braced for a 25 basis point rate cut from the Fed, which it delivered.But the real shock came from its warning that future cuts would be much slower, with the forecast dropping from three to just two cuts in 2025, spooking investors.This sent Wall Street into a tailspin, with the S&P 500 down 3%, and Asian markets followed suit, all sliding today.Source: BloombergOn the ASX, this is where the things stood at 15:40 AEDT:Source: Market IndexSource: Market IndexIn the large caps space, Mesoblast (ASX:MSB) surged 52% after the US FDA approved its groundbreaking cell therapy, Ryoncil, to treat children with a serious blood disorder. Read more: Joy as Mesoblast wins its first FDA approval for a stem-cell therapy after decades of tryingPatriot Battery Metals (ASX:PMT) also saw a 16% jump after Volkswagen bought a 9.9% stake in the lithium miner for nearly $77 million.In Energy, Woodside Energy Group (ASX:WDS) fell 2% after a deal with Chevron that saw it exit the $US34 billion Wheatstone LNG project in WA.And, Australia and New Zealand Banking Group (ASX:ANZ) fell 2.5%, with its shareholder base in revolt over the bank’s executive pay report. This led to a vote that saw over a third of shareholders protest by rejecting the remuneration plan at today’s AGM.ASX SMALL CAP LEADERSToday’s best performing small cap stocks:Security Description Last % Volume MktCap 1TT Thrive Tribe Tech 0.002 100% 4,594,000 $703,362 IS3 I Synergy Group Ltd 0.005 67% 10,000 $1,068,653 88E 88 Energy Ltd 0.002 50% 946,540 $28,933,812 MSB Mesoblast Limited 2.755 39% 24,006,321 $2,260,732,546 ERG Eneco Refresh Ltd 0.013 30% 1,603,334 $2,723,583 C1X Cosmosexploration 0.044 26% 981,225 $2,921,331 ERA Energy Resources 0.003 25% 4,875,320 $810,792,482 MNC Merino and Co 0.335 24% 32,915 $14,330,674 SCP Scalare Partners 0.200 21% 5,000 $5,755,662 AXE Archer Materials 0.470 21% 1,842,588 $99,390,335 ALM Alma Metals Ltd 0.006 20% 600,000 $7,832,611 EPM Eclipse Metals 0.006 20% 174,027 $11,439,278 NTD Ntaw Holdings Ltd 0.275 20% 386,389 $38,572,750 EWC Energy World Corpor. 0.020 18% 209,027 $52,341,661 TOU Tlou Energy Ltd 0.016 14% 369,735 $18,180,180 VKA Viking Mines Ltd 0.008 14% 2,617,467 $9,297,031 PMT Patriotbatterymetals 0.360 14% 4,463,983 $182,244,800 BDG Black Dragon Gold 0.035 13% 1,079,982 $9,358,365 PVL Powerhouse Ven Ltd 0.090 13% 363,838 $9,979,454 SHN Sunshine Metals Ltd 0.009 13% 1,436,667 $12,701,158 TEG Triangle Energy Ltd 0.005 13% 2,498,470 $8,356,936 Wordpress Table PluginCosmos Exploration (ASX:C1X) has secured an exclusive option to acquire EAU Lithium, a company focused on Bolivia’s Lithium Triangle. EAU has partnered with Bolivia’s state-owned lithium group, Yacimientos de Litio Bolivianos, to test lithium brines from key salars using Vulcan Energy Resources (ASX:VUL)’s direct lithium extraction (DLE) technology. If successful, Cosmos said this could help unlock Bolivia’s vast lithium resources.Revaia has agreed to merge with RegenCo in an all-scrip deal, valuing Revaia at $24 million. Following the merger, Revaia’s shareholders will own 32% of RegenCo, which will become one of Australia’s leading independent carbon project developers, with a combined annual production of 450,000 Australian Carbon Credit Units (ACCUs). Powerhouse Ventures (ASX:PVL), which holds an investment in Revaia, will increase its stake with an additional $250,000. ASX SMALL CAP LAGGARDSToday’s worst performing small cap stocks:Code Name Price % Change Volume Market Cap MOM Moab Minerals Ltd 0.002 -33% 25,366,444 $4,700,998 EGY Energy Tech Ltd 0.021 -32% 177,017 $13,833,665 CRB Carbine Resources 0.003 -25% 15,300 $2,206,951 NTM Nt Minerals Limited 0.003 -25% 400,948 $4,843,612 4DS 4Ds Memory Limited 0.063 -21% 10,650,333 $141,074,793 ALV Alvomin 0.040 -20% 106,710 $5,857,944 BMO Bastion Minerals 0.004 -20% 266,350 $4,223,623 GGE Grand Gulf Energy 0.002 -20% 974,000 $6,125,968 C7A Clara Resources 0.005 -20% 1,363,661 $1,759,291 AZY Antipa Minerals Ltd 0.025 -19% 42,401,211 $150,471,287 VMT Vmoto Limited 0.049 -17% 613,035 $24,705,201 NAG Nagambie Resources 0.015 -17% 567,808 $14,459,442 MEM Memphasys Ltd 0.005 -17% 184,000 $10,578,489 KCC Kincora Copper 0.026 -16% 200,000 $6,725,503 AS2 Askarimetalslimited 0.011 -15% 235,660 $2,773,608 AUA Audeara 0.034 -15% 50,000 $7,005,709 FAL Falconmetalsltd 0.115 -15% 55,809 $23,895,000 ATH Alterity Therap Ltd 0.006 -14% 4,239,479 $37,242,353 CHM Chimeric Therapeutic 0.006 -14% 2,227,814 $11,026,049 CPM Coopermetalslimited 0.038 -14% 394,191 $3,447,649 SBW Shekel Brainweigh 0.019 -14% 217,177 $5,017,347 NVQ Noviqtech Limited 0.130 -13% 4,912,560 $33,665,601 PR2 Piche Resources 0.085 -13% 65,044 $7,868,473 Wordpress Table PluginIN CASE YOU MISSED ITTrigg Minerals (ASX:TMG) has boosted the antimony resource estimate at the Wild Cattle Creek deposit within its Achilles project in NSW, by 92%, now totalling 1.52Mt at 1.97% Sb, containing 29,902t of antimony. The company is planning further drilling to expand the resource, believing there’s plenty of upside and room to include gold and tungsten.Non-bank lender MoneyMe (ASX:MME) has secured a $125 million funding facility from iPartners to drive funding efficiencies and support the expansion of its loan book. The funding will also help grow MME’s tech-driven offerings, and ultimately meet the rising demand for fast, flexible personal lending solutions.Flotation testwork on the fines component of samples from TG Metals’ (ASX:TG6) Burmeister deposit have returned excellent lithium recoveries, increasing total recovery to between 75.5% and 80.2%. The results also further support the potential for establishing Lake Johnston as a large, low-cost, open-cut lithium mining operation.BlinkLab (ASX:BB1) has reached an important milestone with a positive outcome from a pre-submission meeting with the US Food and Drug Administration (FDA) on the regulatory pathway for its BlinkLab Dx 1 platform, aimed at aiding in autism diagnosis. The FDA has confirmed the design for the registrational study, with several top clinical sites across the US selected, and ethics submissions and site activations underway.At Stockhead, we tell it like it is. While Trigg Minerals, MoneyMe, TG Metals and BlinkLab are Stockhead advertisers, they did not sponsor this article.This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"productRelease","news_rank":0,"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":"4.29.4","shortVersion":"4.29.4","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/2492486409"}