Tech, property stocks lead ASX 200 surge
Tech investors pile in in despite Trump’s tech exemptions confusion. Property, health stocks also strong gainers.
Tech investors pile in in despite Trump’s tech exemptions confusion. Property, health stocks also strong gainers.
The local sharemarket is poised for a modest bounce after US tech heavyweights including Apple took a breather from punishing tariff wars.
Economists say Donald Trump’s aim to simultaneously fix the US budget deficit and reclaim manufacturing market share with tariffs is not only impossible, but carries huge risk.
Australian Foundation Investment Co boss Mark Freeman has made three big bets on the current, volatile market. See which stocks the market picker has bought.
It was another day of extreme volatility as the effects of a massive hike in US tariffs continued to be felt even after Donald Trump announced a 90-day pause.
One of Australia’s leading stockbrokers, Ord Minnett chief executive Karl Morris, says there will be more turmoil to come for world markets with Donald Trump in the White House.
The ASX 200 trimmed a big intraday fall as US stock index futures and US Treasuries reversed early losses. Asian stocks are mixed with the Nikkei 225 down 3 per cent and the Hang Seng index turning up 1.3 per cent. Xi Jinping will visit Vietnam, Malaysia and Cambodia next week for a response to Trump’s 145 per cent tariff war.
US stock declines accelerated after the White House said tariffs imposed on China add up to 145 per cent and a former Fed boss called Trump’s shifting policy the worst hit to a well-functioning economy.
For the Reserve Bank, the policy needle is now pointing to cutting rates at its next meeting.
The immediate response from so many punters waking up to the latest tariff news was ‘damn I missed out on the biggest trading opportunity since Covid’.
Trump’s deal-making leaves US consumers worse off and has shaken confidence across the rest of the economic world. Then there’s the big unknowns to come.
The US President blinked as a violent sell-off of US treasuries sounded the alarm for a full-blown financial crisis.
A sharp, simultaneous sell-off in stocks and bonds this week raises an obvious question — just how close is the US Fed to stepping in and protecting the US financial system?
Australian stocks soared on Thursday with the ASX 200 index rising as much as 6.3 per cent after a significant backdown by the US administration on tariffs.
Technology and mining stocks lead surge on local bourse. US futures point down after Wall Street’s historic session as Chinese leaders meet to respond to Trump’s 125 per cent hit.
Donald Trump has reduced levies for US trading partners to a ‘baseline’ rate of 10 per cent, but slapped even higher levies on China.
CSL is in the crosshairs of Donald Trump’s tariff regime after the President declared pharmaceuticals were not immune.
There’s a new pain threshold being calculated by global markets, and it’s getting to the point where the winner really will take all.
Markets remain extremely volatile, with risk aversion growing as bond yields record a disturbing rise before Trump’s biggest tariffs even get under way.
$47bn wiped off ASX as markets react to Trump’s latest tariffs, including a 104 per cent hit on China . AUD has hit new 5-year low below US60c.
The danger of Trump’s tariff strategy – even if it is all a negotiating bluff – is he risks starving the US economy of the crucial funds it needs to stay alive.
The Australian dollar and industrial commodities recovered as investors paused to catch-up on the global equities fire sale.
ASX roars back to life in best day since November 2023. $A rose over 1 per cent after Monday’s meltdown. China slams Trump’s 50pc more tariff threat as Hong Kong hits out at ‘bullying’. Bets rise on 0.5pc RBA May rate cut.
One of Australia’s best-known investors says there will be no return to normality after Donald Trump upended markets with his trade war.
Rare earth stocks defied the market carnage as China’s move to restrict exports threatened key industries like defence and renewables.
Nothing unites fund managers like a market storm and the worst sell-off since 2020 has the bulls running to the history books.
The Trump dump has delivered extreme moves, however there’s one important thing that is so far preventing this becoming a full-blown financial crisis.
$112bn was wiped off the ASX on Monday with China retaliating against US tariffs and the Trump administration defiant while global markets crashed.
Local investors are suffering a wipeout as global turmoil worsens, with the ASX200 index now down 16 per cent from its high point two months ago.
Trump tariffs trigger GFC echoes as market trims falls. Treasurer warns on recession risk, flags potential 50bp rates cut. Fears of Black Monday-like crash as traders reel from speedy rout. AUD back above US60c.
Original URL: https://www.theaustralian.com.au/business/markets