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.

The Australian sharemarket fell on Tuesday after US President Donald Trump confirmed plans to proceed with higher tariffs on key trading partners, denting hopes of a reprieve.