Author name: Jonathan Tacadena

The Australian sharemarket pared some losses on Tuesday afternoon but remained down nearly 1% as a sell-off in WiseTech weighed on the broader index, following a sharp decline on Wall Street.

The Australian share market edged higher on Monday after hitting a six-month low in the previous session, as investor caution persisted amid ongoing tariff concerns. The S&P/ASX 200 Index rose 0.2% to 7,967.6 points, while the All Ordinaries Index also gained 0.2%. Energy stocks led the gains, with Woodside up 1.9%, Yancoal rising 2.2%, and Whitehaven Coal advancing 3.1%.

The Australian sharemarket dipped below 8000 on Friday, with the S&P/ASX 200 Index falling 1.3% to 7991.1 points by midday. This decline was driven by investor concerns over Washington’s shifting tariff policies and a significant drop in Commonwealth Bank shares.

The S&P/ASX 200 fell 0.7% (57.2 points) to 8,083.90 on Thursday, as energy stocks weighed on the market following concerns over U.S. crude oil import tariffs. The All Ordinaries declined 0.6%, with all 11 sectors closing in the red.

The S&P/ASX 200 fell 0.9% (-71 points) to 8,127.10, while the All Ordinaries also lost 0.9%, as global trade tensions and China’s latest stimulus measures weighed on sentiment. Ten of eleven sectors declined, led by consumer staples.