ASX-listed James Hardie climbs 6% after steep $5.7 bln rout

James Hardie Industries

22/08/2025 02:24

** ASX-listed James Hardie JHX.AX rises 5.6% to A$30.59; snaps five-day losing streak

** JHX among top gainers on ASX 200 index .AXJO

** Stock finds ground after stumbling 35% in last two sessions, losing A$8.89 bln ($5.71 bln) in market value

** Rout deepened on Wednesday after fiber cement maker issued bleak outlook for North America business, forecast FY26 operating earnings below market consensus

** Stock set to log its worst week on record; currently down 36.5% for the week

** YTD, JHX falls 42%

($1 = A$1.5569)

 (Reporting by Sameer Manekar in Bengaluru)

 ((Sameer.Manekar@thomsonreuters.com;))