ASX Midday Sector Update: Real Estate Stocks Soar, Financials Struggle
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Real estate stocks rose 1.94% at midday Wednesday, while the materials sector fell 1.42%. The S&P 500 and Nasdaq Composite indices closed higher amid volatile trading ahead of US trade tariffs. Lendlease Group completed the sale of its UK construction business to Atlas Holdings, marking its exit from international construction. Meanwhile, Mineral Resources faces a class action lawsuit regarding payments to offshore entities linked to its managing director, Chris Ellison.
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