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Specialist Gennaro Saporito works on the floor of the New York Stock Exchange, Wednesday, April 16, 2025. (AP Photo/Richard Drew)
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Energy stocks rebound leads ASX higher

The local sharemarket extended gains in afternoon trade, driven by a sharp rebound in energy stocks and buoyant gold miners. Jobs data won’t push RBA rate cut in May. BHP gains on steady March quarter. Woodside spikes on LNG deal, oil price. 

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NEW YORK, NEW YORK - APRIL 10: Traders work on the floor of the New York Stock Exchange (NYSE) on April 10, 2025 in New York City. Despite U.S. President Donald Trump's declared 90-day tariff pause for many countries, uncertainty remains in global trade, with the Dow and other international markets falling steeply again.   Spencer Platt/Getty Images/AFP (Photo by SPENCER PLATT / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

ASX 200 trims falls as Trump, Asian markets await China response

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.

Original URL: https://www.thechronicle.com.au/business/companies/page/4