China’s GDP was a surprise to the market, but will it be a false dawn amidst a trade war?

MARKET WRAP:

• ASX200: down 0.04% to 7,758
• GOLD: $3,330 US/oz
• BITCOIN: $131,492 AUD
• The big 4 banks all finished positive.
• ZIP was a star with record cash earning shares up more than 16% to $1.72
• Lynas Rare Earths was also a standout up 4.2% to $8.36, the market is seeing them as a potential beneficiary of the trade conflicts between the US and China.
• BoQ shares rose 5.5% to $6.86, driven by positive profit margin forecasts
• Star Entertainment returned to the boards after a 6 week hiatus, steady at 11 cents.
• Rio Tinto flagged a $150m hit, with shares down 2.7% to $108.37
• Two Mineral Resources board members have suddenly quit - shares down 9% to $16.61
• Wisetech fell 1.2% to $83.38

CURRENCY UPDATE:

• AUD/USD: 63.4 US cents
• AUD/GBP: 47.8 pence
• AUD/EUR: 55 Euro cents
• AUD/JPY: 90 Japanese yen
• AUD/NZD: 1.07 NZ dollars