Australian shares advanced on Friday, driven by gains in domestic retailers. The S&P/ASX 200 index rose 0.4% (30.1 points) to 8408.8, with nine of the 11 sectors posting gains, led by consumer discretionary stocks. The All Ordinaries index also climbed 0.4%.

The S&P/ASX 200 Index fell 0.6% on Thursday, losing 49.8 points to close at 8380, with nine of the 11 sectors in decline. Weaker commodity prices, partly due to tariff threats from former President Donald Trump targeting China and the EU, pressured the mining sector.

Uranium-focused stocks Paladin Energy and Boss Energy soared 11.1% and 12.9%, respectively, after Trump indicated potential tariffs on Canadian uranium.

The Australian sharemarket recovered losses on Tuesday afternoon, with the S&P/ASX 200 Index rising 0.7% by 2:23 pm, reversing a morning dip spurred by U.S. President Donald Trump’s tariff plans. Trump’s proposal to impose 25% tariffs on Mexico and Canada by February 1 caused the Australian dollar to drop 0.7% to US62.48¢.

The ASX rose on Monday as investors anticipated Donald Trump’s inauguration as the 47th U.S. president. The S&P/ASX 200 gained 0.5%, closing at 8347.4, while the All Ordinaries rose 0.4%. Nine out of 11 sectors advanced, although communications and energy stocks ended in the red.

The Australian sharemarket edged lower on Friday afternoon, weighed down by declines in the financial and communication services sectors. The S&P/ASX 200 Index slipped 0.1% or 10.1 points to 8316.9 at mid afternoon, following a 1.4% gain on Thursday. Major banks led the losses, with Commonwealth Bank falling 1%.