The Australian sharemarket is facing its steepest decline in five years, as global markets react to escalating trade tensions between the US and China. By 2pm AEST, the S&P/ASX 200 had fallen 4% or 305.3 points to 7362.5, recovering slightly from earlier losses exceeding 6%. If sustained, it would mark the largest one-day drop since May 2020.
The ASX 200 is on track for its worst weekly decline since September 2022, plunging 3.5% as global markets reacted sharply to sweeping US tariff hikes that have heightened fears of a global recession. On Friday, the index fell 2.2% or 172.5 points to 7687.2, with ten of eleven sectors in the red. Energy stocks led losses, slumping over 7%, after OPEC+ unexpectedly announced plans to significantly increase oil supply in May, sending Brent crude below $US70 a barrel.
The Australian sharemarket shed $26.2 billion by lunchtime amid a wave of new US tariffs announced by President Donald Trump, triggering a sharp sell-off across global markets. The S&P/ASX 200 fell 1.1%, or 85.3 points, to 7849.2 near 2pm AEDT, with 10 of 11 sectors in the red. Technology and property led declines, each down over 2%, while consumer staples edged higher.
The ASX 200 rose 0.2% to 7941.6 on Wednesday afternoon, buoyed by a strong rally in property stocks that helped offset weakness in major miners. Eight of the 11 sectors traded higher, with real estate leading the gains, up 1.8%. Goodman Group climbed 3.7%, Charter Hall advanced 3.3%, and Stockland gained 1%.
Australian shares are rebounding, tracking gains on Wall Street ahead of US President Donald Trump’s anticipated announcement of reciprocal tariffs. By 2:30pm, the S&P/ASX 200 was up 0.8% or 61.2 points at 7904.6, while the All Ordinaries gained 0.6%. All 11 sectors were in positive territory, led by real estate and utilities.
The Australian sharemarket is tracking toward its third-largest daily decline of 2025, amid fears that a new wave of US tariffs could spark a global economic downturn. The S&P/ASX 200 fell 1.6% (125 points) to 7857, wiping out approximately $35 billion in market value. The All Ordinaries dropped 1.5%, with all 11 sectors in the red—led by heavy losses in the mining sector.
Australian shares seesawed on Friday as caution prevailed amid escalating trade tensions driven by former US President Donald Trump’s tariff threats. The S&P/ASX 200 was flat at 7970.9 near 2.15pm AEDT, up just 1.9 points. The All Ordinaries also remained steady, with six of the 11 sectors higher, led by consumer staples and utilities.
The Australian sharemarket fell on Thursday afternoon, ending a multi-day winning streak as renewed concerns over US trade policy weighed on sentiment. The S&P/ASX 200 declined 0.6% or 45.8 points to 7953.2 by 2pm, while the All Ordinaries slipped 0.7%. Technology stocks led losses, with seven of 11 sectors in the red.
The ASX advanced on Wednesday, driven by a risk-on rally in banks and miners. The S&P/ASX 200 rose 0.9% (68.8 points) to 8011.3 by 2pm, breaking above 8000 for the first time in two weeks. The All Ordinaries climbed 0.8%, with eight of 11 sectors in positive territory, led by financials.
The Australian sharemarket advanced on Tuesday afternoon, following a strong rally on Wall Street. By mid afternoon, the S&P/ASX 200 was up 0.6% or 48.9 points to 7985.8, marking a fourth consecutive day of gains. Technology led eight of 11 sectors higher.
The ASX traded sideways on Monday afternoon, with the S&P/ASX 200 Index briefly rising before dipping 3.3 points, or 0.04%, to 7927.9 mid afternoon. The All Ordinaries fell 7 points, with only three of the index’s 11 sectors in positive territory.
The Australian sharemarket is poised to record its strongest weekly gain of the year, with supermarket stocks lifting the ASX on Friday despite persistent global economic uncertainty.
By mid afternoon, the S&P/ASX 200 rose 0.5% or 36.9 points to 7955.8, with the All Ordinaries up 0.4%. Gains across seven of 11 sectors helped the market move higher.
