Corrected: BUZZ-Australian healthcare stocks hit a six-week high, acting as a primary hedge on ASX
19/06/2026 05:58
CORRECTED-BUZZ-Australian healthcare stocks hit a six-week high, acting as a primary hedge on ASX Corrects headline to say stocks hit a six-week 'high", not 'low'
** Australian healthcare stocks .AXHJ gain as much as 1.5%, their highest since May 8
** The sub-index has gained 2.5% so far this week
** Healthcare sub-index is acting as the primary macro hedge on the day, said William Taylor, COO and portfolio manager at ETF Shares
** "CSL CSL.AX and the broader healthcare space offer globally diversified, defensive earnings that are largely insulated from cyclical commodity swings and domestic banking pressures hitting the rest of the ASX," added Taylor.
** Biotech firm CSL climbs 2.6%, set for its highest since May 8, if trend holds; Cochlear COH.AX rises 0.7%
** AXHJ down 27% YTD
(Reporting by Keshav Singh Chundawat in Bengaluru)
Recent news on Cochlear
See all newsCorrected: BUZZ-Australian healthcare stocks hit a six-week high, acting as a primary hedge on ASX
Morningstar backs Australia's Cochlear on new hearing implant product
Australia's Cochlear set for worst week ever on earnings forecast cut
Australian healthcare stocks hit 8-year low as CSL extends vaccine rout
Australia's Cochlear extends losses on rating downgrade after earnings forecast cut