The ASX 200 has shot up in a strong start to the new financial year after recording its best post-pandemic performance in FY25.
It comes despite the period being plagued with uncertainty over the Trump Administration’s tariff agenda and instability in the Middle East.
The ASX 200 climbed about 10.2 per cent in the 2025 financial year with the tech, financial and telecommunications services sectors all jumping about 25 per cent.
On Tuesday, the ASX 200 has added 0.2 per cent in the first 40 minutes of trading.
Insignia Financial (up 10.7 per cent) has led the charge while Deep Yellow (up 3.9 per cent) and Medibank (up 4.7 per cent) have also posted strong gains.
The rise from Insignia comes as it expects a takeover bid from CC Capital, but stressed this was not guaranteed.
“CC Capital has informed Insignia Financial that it continues to actively work towards making a binding bid for the company,” Insignia told shareholders.
“Specifically, CC Capital is finalising financing and investment committee approvals, a process that is expected to be completed in the next two weeks.
“There is no certainty that the ongoing discussions will result in any transaction being put to Insignia Financial shareholders for their consideration.”
The ASX 200’s jump on Tuesday follows drives across Wall Street with the Dow Jones adding 0.6 per cent while the S&P 500 and the Nasdaq both jumped 0.5 per cent on Monday.
London’s FTSE 250 and the STOXX Europe 600 both shed 0.4 per cent while Germany’s DAX fell 0.5 per cent.
New Zealand’s NZX 50 Index is up 0.3 per cent since trading began on Tuesday as Japan’s Nikkei 225 has slumped about 0.9 per cent.