Chinese stimulus has been talked about through the whole of 2024, so will this new raft of promises actually be delivered?

MARKET WRAP:

• ASX200: down 0.36% to 8,393

• GOLD: $2,691 US/oz

• BITCOIN: $152,231 AUD

• Mineral Resources gained 8.7% to $37.16, Pilbara Minerals closed 6.5% higher to $2.29 and Fortescue rose 6.2% to $20.45.

• Energy stocks were led higher by Woodside, up 1.5%, Yancoal rising 2%, and Whitehaven up 3.5%.

• CSL, Telstra and Transurban all finished in the green.

• A class action brought against NRMA in the Victorian Supreme Court hurt the share price of parent company IAG, which fell 1.7% to $8.50.

• Perpetual dropped by 8.4% to $20.07 after saying it could be hit with a tax bill of half a billion dollars over asset sales to KKR.

• Wisetech & Xero down 4.4%, with Life360 falling another 5.2% today.

CURRENCY UPDATE:

• AUD/USD: 63.96 US cents

• AUD/GBP: 50.2 pence

• AUD/EUR: 60 Euro cents

• AUD/JPY: 96 Japanese yen

• AUD/NZD: 1.09 NZ dollars