ASX closes week higher — as it happened

Key points

• Australian shares closed the week higher, as investors weighed comments from US Federal Reserve chairman Kevin Warsh. Speaking at an IMF meeting in Bangkok, Warsh said artificial intelligence would be a major benefit to the US economy.
• He warned that the path to job creation and wealth would be very bumpy.
• Separately, HIA data shows new home sales fell 17.5 per cent in the September quarter, reversing a recovery that began in 2025.