Shares of Star Entertainment Group Ltd. $SGR.AX experienced a notable spike, rising by 14% following a week-long trading halt. Market participants closely evaluated the company’s prospects of successfully completing a rescue deal and averting collapse. Despite this initial surge, the firm remains under significant financial pressure, with challenges that continue to weigh on its market standing.

BlackRock, one of the world's largest asset management firms, recently issued a statement that offered a fresh dose of optimism to the US financial sector. The Trump administration’s decision to grant a 90-day reprieve on the implementation of most new US tariffs became a pivotal factor in easing short-term concerns about a potential financial crisis. According to BlackRock’s insights, the overall systemic risks appear to have subsided, shaping market expectations and signaling a shift in sentiment across stock exchanges.