April 2025

Closing Bell

Closing Bell 11th April: ASX falls to end week. Gold miners rise as Gold rallies to record highs

The Australian sharemarket fell sharply on Friday, extending its weekly losses amid renewed global risk aversion following a third US tariff hike on Chinese imports this week. The S&P/ASX 200 dropped 1.3% or 97.8 points to 7611.8 by 2:15pm, erasing much of Thursday’s five-year record rally. The benchmark is down 0.8% for the week and 4% since the start of April. The All Ordinaries lost 1.2%, with 10 of 11 sectors in negative territory, led by energy.

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