Global tech stocks sold off following disappointing US earnings guidance, pressuring ASX tech stocks. Iron ore prices dipped 3% on Chinese demand concerns, but lithium and nickel remained bid on EV production momentum. RBA officials hinted at possible rate cuts in 2026 if inflation continues to soften.

CSL bounced back as healthcare defensiveness came back into favour after tech weakness. The company's plasma donations continue to grow strongly, supporting revenue expansion. Strong earnings visibility through FY26 makes this a quality hold; watch for pullbacks toward $330 as entry points.

PLS jumped 8% on overnight spodumene price strength and positive lithium supply-demand commentary. China's EV market remains robust with 50% year-on-year growth in new registrations. Near $2.80, this offers exposure to battery metal demand with elevated volatility to exploit.

Telstra held steady as telecom yield seekers accumulated. The ACCC announced support for network infrastructure investment, reducing regulatory risk. At 4.8% yield with capital appreciation potential, TLS offers solid income with growth optionality around $4.10.

Spring selling season saw increased listings across major capital cities, with vendor confidence improving. Interest in regional property investment continues as remote work remains embedded in corporate culture.

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