Australian Shares Rise as Mining Stocks Gain on China’s Tariff Response
Australian shares advanced on Wednesday as China’s measured response to U.S. tariffs lifted mining stocks. The S&P/ASX 200 gained 0.6%, or 47.6 points, to 8421.6 by mid afternoon, recovering from recent declines. The All Ordinaries Index rose 0.7%, with nine of the 11 sectors trading higher.
The S&P/ASX 200 fell 1.8% (155.6 points) to 8376.7 in early afternoon trading on Monday, as investors reacted to escalating US trade tensions. The Australian dollar hit a four-year low, slipping below US61¢. All 11 ASX sectors declined, with consumer discretionary and materials losing over 2%.
ASX Gains on Mining, Real Estate, and Tech Rally
The Australian share market extended its rally on Friday, with the S&P/ASX 200 rising 0.3% and the All Ordinaries Index up 0.4%, marking the biggest weekly gain in a month. The Australian dollar softened to US62.23¢.
The S&P/ASX 200 surged to a record high on Thursday, climbing 0.8% to 8,510.7 by mid afternoon, as investors priced in expectations of an imminent rate cut by the Reserve Bank of Australia. All 11 ASX sectors advanced, led by energy and consumer discretionary stocks.
Paragon Care Limited (PGC) is a provider durable medical equipment, medical devices, consumable medical products, and maintenance of technical medical equipment to the health, aged care and veterinary markets throughout Australia, New Zealand and Asia, as well as the distribution of pharmaceuticals, medical consumables, and complementary medicines to the Australian healthcare market.
Australian equities gained momentum on Wednesday, with the S&P/ASX 200 climbing 0.9% to 8472.3, following softer-than-expected inflation data that bolstered expectations of a February rate cut by the RBA. Eleven of twelve sectors traded higher as major banks, including NAB and RBC, adjusted forecasts in favor of earlier monetary easing.
China’s stranglehold on Critical minerals, Manufacturing and now AI with DeepSeek means President Xi may not be that concerned about tariff threats
Technology, electricity, and data centre companies faced significant sell-offs on Tuesday amid investor concerns that China’s advancements in cost-effective AI could pressure earnings for firms like Nvidia and reduce demand for energy-intensive data centres.
The S&P/ASX 200 was higher in early afternoon trading, up just 2.1 points to 8411, reversing earlier gains. Overnight, Wall Street tumbled, with the Nasdaq dropping 3% as traders feared the Chinese start-up DeepSeek’s AI could disrupt the US tech sector. Nvidia shares plunged 16.7%, while Constellation Energy dropped over 20%.
Dive into the world of ETFs and exchange rate risk, where the Aussie dollar dances with global currencies, creating opportunities and challenges for your portfolio.
Dive into the world of ETFs and exchange rate risk, where the Aussie dollar dances with global currencies, creating opportunities and challenges for your portfolio.
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 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%.
