BUSINESS

American Tower shares rose nearly 7% after a report that SpaceX is seeking access to at least 80,000 US cell sites, potentially creating major new demand for tower operators.

SBA Communications shares rose nearly 9% after reports that SpaceX is seeking access to at least 80,000 US cell sites, lifting tower operators while pressuring major carriers.

US natural gas prices fell to a two-month low as forecasts for mild weather reduced expected heating demand, outweighing tighter storage data and strong LNG exports.

Bitcoin rose 0.47% to $81,690.50 after Thursday's 3.3% drop, as technology stocks, higher oil prices and $635.6 million in spot ETF outflows pressured cryptocurrencies.

Gold fell towards $4,000 an ounce as higher oil prices intensified inflation concerns and boosted expectations of further US interest rate rises, pressuring bullion and mining stocks.

Premier Investments shares rose nearly 4% as investors moved towards Australian retail stocks, despite ongoing concerns over Smiggle, weak consumer spending and the company's subdued share performance.

Whitehaven Coal shares rose 3.2% after record first-quarter production exceeded expectations, supported by Queensland operations and stronger prices despite port disruptions that delayed sales.

Charter Hall shares rose 3.1% as lower US bond yields and defensive-sector rotation supported property stocks, while investors assessed interest-rate risks and the fund manager's growth outlook.

Commonwealth Bank shares rose 3.09% to A$162.03 as investors moved into defensive sectors after a Wall Street technology sell-off, despite broader ASX 200 losses.

Amcor shares rose 3% on the ASX as investors shifted towards defensive stocks after a sharp Wall Street technology sell-off, ahead of the company's November results.

Alkane Resources shares fell nearly 10% as weaker gold prices outweighed steady September-quarter production, lower costs, strong cash generation and reaffirmed fiscal 2027 guidance.

Sunrise Energy Metals shares fell 15.11% to A$12.47, extending a 40% decline since the company announced plans to redomicile in the US and list on Nasdaq.

Zip shares suffered their steepest one-day fall after the company disclosed a coordinated US fraud attack, rising bad debts and higher costs despite continued growth in transactions and income.

Southern Cross Gold shares dropped 9.07% as gold fell to a two-month low, weighing on Australian mining stocks despite continued high-grade drilling results at Sunday Creek.

The ASX 200 fell 0.15% as losses in mining, energy and technology stocks outweighed gains in banks and consumer shares, while Zip plunged after disclosing a US fraud event.

TTM Technologies shares fell 28% after its record third-quarter results and strong AI-driven growth were overshadowed by fourth-quarter revenue guidance slightly below analyst expectations.

Forgent Power Solutions shares fell 23% to a record low after CFO Ryan Fiedler announced his departure, despite strong revenue, bookings and backlog growth.