Aussie shares slump on trade war fears
The Australian sharemarket booked a second consecutive day in the red on Wednesday as escalating global trade tensions continued to rattle investors.
The Australian sharemarket booked a second consecutive day in the red on Wednesday as escalating global trade tensions continued to rattle investors.
The ASX 200 followed the US markets trading deep in the red on the back of the latest announcement by President Donald Trump on trade tariffs.
The Australian share market has been boosted on Monday from strong figures out of China and a resilient Wall Street.
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The local stock market tanked on Friday on the back of a Wall St bloodbath and a new Trump tariff threat that sent the big miners into a tailspin.
Market heavyweights Coles, Qantas and Medibank soared on the back of a better than expected reporting season, helping the local sharemarket on Thursday.
Supermarket giant Woolworths and the major miners have sent the Australian share market down to a new six week low on Wednesday.
The ASX 200 fell on Tuesday as US President Donald Trump confirmed tariffs and major businesses missed the mark during reporting season.
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Australia’s sharemarket finished in the red on Friday as consumer discretionary and financials continued to weigh on the local market.
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The ASX’s weekly woes continued on Wednesday, as a big four bank and a major miner dragged the market heavily into the red.
A slump in the big banks and energy stocks pushed the Aussie market into the red on Tuesday, as the RBA struck a note of caution following its long-awaited rate cut.
Australia’s sharemarket continued its rally higher on Friday as traders factored in a more reserved Donald Trump on US tariffs.
Malcolm Turnbull says Australia should not expect the US to not impose tariffs just because of the “special relationship” between the countries.
The Aussie sharemarket fell heavily on Monday as traders reacted to the latest round of tariffs and the impact they could have on the domestic market.
The Australian sharemarket traded relatively flat on Friday as the market waits for a key piece of data that could determine when the US Fed will cut interest rates.
Shares in Google parent Alphabet slumped on Wednesday amid rising trade tensions, raising questions about its ability to compete with AI rivals.
The Australian market broke a two-day winning streak on Wednesday as markets saw through US-China trade tensions.
The Australian markets had a promising trading day until the last hour when news broke that China and the US had failed to negotiate on tariffs.
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Major retailers were responsible for the Aussie sharemarket closing just shy of a record high – with the dollar also climbing to a new peak.
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The Aussie sharemarket closed up on a strong day of trading, as investors factor in the new US President and how his proposed tariffs will impact the market.
The Aussie sharemarket started the week on a high in a broad market rally, largely due to Donald Trump being sworn in as the next US President.
The Australian sharemarket slipped on Friday, despite a positive boost for the country’s commodity sector on the back of results out of China.
The Aussie market closes down despite a positive start to trade across the board, as investors look ahead for jobs data and US inflation updates.
The chances of an interest rate cut in early 2025 are falling faster than the Aussie dollar, with experts saying the drop in our currency could cause the Reserve Bank to baulk at a cut.
Original URL: https://www.news.com.au/finance/markets/world-markets/page/3