AU Morning Wrap: ASX Rises; Paladin Plummets

U.S. stock indices were mixed, while $NVIDIA(NVDA.US)$'s stock falls into correction territory with an almost $400 billion plunge. Meanwhile, investors are awaiting May's personal consumption expenditure data and the Federal Reserve's preferred inflation gague this week. The $Dow Jones Industrial Average(.DJI.US)$ advanced 0.67%. The $S&P 500 Index(.SPX.US)$ traded down 0.31%, while the tech-heavy $Nasdaq Composite Index(.IXIC.US)$ declined 1.09%.

The $S&P/ASX 200(.XJO.AU)$ recovered from Monday's 0.8 percent decline and climbed by 0.7 percent, adding 54.90 points to reach 7788.6. This upswing positioned the index for a potential monthly increase. Similarly, the broader All Ordinaries Index witnessed a 0.7 percent rise.

A total of ten industry sectors saw gains, with the energy sector leading the charge with a 1.4 percent increase, buoyed by surging oil prices. $Woodside Energy Group Ltd(WDS.AU)$ experienced a notable 2.5 percent jump, while both $Santos Ltd(STO.AU)$ and $Origin Energy Ltd(ORG.AU)$ saw their shares ascend by 1.5 percent.

The $AUD/USD(AUDUSD.FX)$ is trading at US66.55¢, a decrease of 0.02%.

As of latest data, $Bitcoin(BTC.CC)$ is priced at $60,249, down by 4.71% in the past 24 hours, while $Ethereum(ETH.CC)$ is priced at $3,349, down by 2.59% in the past 24 hours.

$Paladin Energy Ltd(PDN.AU)$ experienced an 8.2 per cent decline following its announcement of a proposed acquisition of the Toronto-listed company Fission Uranium. This strategic move is aimed at initiating production at its planned Canadian mining project by the year 2029.

$Healius Ltd(HLS.AU)$ experienced a marginal decline of 1.3 percent following the release of its earnings guidance, which projected underlying earnings before tax and depreciation to be between $345 million and $350 million.

$Synlait Milk Ltd(SM1.AU)$, a specialty dairy firm, maintained its share value at 29.5 cents, while actively pursuing approval from its shareholders for an essential loan amounting to $NZ130 million ($120 million).

$Coronado Global Resources Inc(CRN.AU)$ witnessed a slight drop of 0.4 percent after the Energy & Minerals Group withdrew its acquisition proposal with Sev.en Global Investments, citing regulatory complications as the primary deterrent.