Is the correction over in these five ASX stocks?.

Tue 08 Apr 25, 11:59 AM | Team Kalkine

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Highlights

The S&P/ASX200 closed sharply higher on Tuesday, rising 166.70 points or 2.27% to 7,510.00, after hitting a new 52-week low on Monday after China retaliated against US tariffs. Today’s gains in the Australian equity benchmark were supported by broad-based buying across the sector, with all 11 underlying sectors settling in the positive zone. Out of the 200 underlying stocks of the ASX 200 index, 174 stocks closed with gains, while nine were unchanged, and 17 stocks settled with losses. Although many stocks tried to recover today from the recent selloff, few stocks seem to be showing weakness on the technical chart and may witness further correction. Let’s delve deeper into these five ASX-listed stocks.

Bluescope Steel Ltd (ASX: BSL)

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