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ASX retreats after Wall Street slides; Atlassian surges; Rio, BHP summoned to Trump meeting
['Staff Writers']
The Age - Business
AdvertisementUpdated BusinessMarketsWorld markets ASX closes lower; Gold miners jump; Atlassian surges Staff writers Updated August 7, 2026 — 5:47pm ,first published August 7, 2026 — 5:23am Save You have reached your maximum number of saved items.
Bloomberg Gold miners performed strongly as the price of gold steady above $US4200 an ounce.
Resource giant BHP was steady and rival Rio Tinto edged up slightly, but Fortescue fell 2.33 per cent as iron ore prices slid lower.
Total revenue grew 28 per cent year-over-year to $US1.77 billion ($2.5 billion) and cloud revenue growth rose 31 per cent year-on-year.
On the losing end, Honeywell Aerospace fell 23.2 per cent after turning in results that fell well short of forecasts.