Author name: Jonathan Tacadena

Australian equities rallied on Wednesday, tracking a strong rebound on Wall Street after US President Donald Trump signaled a potential rollback of tariffs on China from the current 145 per cent. The S&P/ASX 200 jumped 1.3% to 7920.9 by 2pm, while the All Ordinaries gained 1.4%. Energy led gains across all 11 sectors, as iron ore and crude prices climbed on easing trade tensions.

The Australian sharemarket was flat in afternoon trade as gains in Commonwealth Bank helped offset broader market weakness driven by fresh volatility in US markets. The S&P/ASX 200 Index edged down 1.3 points to 7817.8 near 2pm, paring a 1 per cent early decline. Technology led sector losses, while banks and miners provided some support.

ASX Rises on Energy and Gold Rally, Employment Data Supports Rates Outlook

The Australian sharemarket extended its advance on Wednesday, with the S&P/ASX 200 Index up 0.5% to 7800.3 by 2pm AEDT, supported by gains in energy and gold stocks.

The Australian sharemarket maintained modest gains on renewed hopes of a US-China trade deal, despite lingering global economic uncertainty. By 2pm, the S&P/ASX 200 Index had risen 0.3% to 7782.10, while the All Ordinaries added 0.2%. Financials led six of eleven sectors higher, buoyed by strong US bank earnings and resilience in consumer spending.

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.

The Australian sharemarket is set to record its strongest session in five years, with the S&P/ASX 200 up 4.5% to 7708.9 points by mid-afternoon, buoyed by a sharp overnight rally on Wall Street. US President Donald Trump’s decision to pause reciprocal tariffs for 90 days on over 75 countries sparked a risk-on rebound, lifting sentiment across global markets.