ASX Preview: Australian Shares to Open Higher on Potential US-China Tariff Talks; Chemist Warehouse Stakeholders Exit After Merger With Sigma Healthcare
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Australian shares are set to open higher as President Trump indicates willingness to discuss a tariff truce with China. The S&P 500, Nasdaq, and Dow fell 0.3% overnight. Investors await the ANZ-Indeed Job Ads release. In corporate news, Sigma Healthcare's merger with Chemist Warehouse led to stakeholders selling AU$2.8 billion in holdings. Coles Group will cut prices on over 300 winter products for 12 weeks starting Wednesday. Australia's benchmark index closed at 8,434.70 on Friday.
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