The Australian sharemarket reversed early gains on Thursday afternoon as investor sentiment weakened amid uncertainty over US President Donald Trump’s tariff policies and their impact on inflation and economic growth.
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 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.
The S&P/ASX 200 rebounded on Monday, rising 0.5% (41.5 points) to 8,213.90, recovering from Friday’s losses despite looming US tariffs. The All Ordinaries also gained 0.5%, with eight of eleven sectors advancing. Real estate stocks led gains, while financials and defensive sectors underperformed.
The S&P/ASX 200 fell 1.1% (94.6 points) to 8,173.6 on Friday, marking its second consecutive monthly decline. The All Ordinaries dropped 1.2% as all 11 sectors traded lower, led by materials and consumer staples.
Market sentiment weakened after U.S. President Donald Trump confirmed higher tariffs on Mexico, Canada, and China. The Australian dollar slipped toward US62¢, down 2.5% for the week, as the U.S. dollar surged.
The S&P/ASX 200 rose 0.2% (19.9 points) to 8,260.60 on Thursday, driven by strong earnings from Coles and Qantas, while a robust result from Nvidia lifted sentiment. The All Ordinaries gained 0.3%.
The S&P/ASX 200 declined 0.3% (-27.5 points) to 8,224.40 by Tuesday afternoon, dipping below its six-week closing low. The All Ordinaries Index fell 0.4%, with eight of 11 sectors in negative territory. Consumer staples and materials led declines as risk-off sentiment weighed on Australian miners.
