April 2025

Australian equities rallied on Wednesday, tracking a strong rebound on Wall Street after US President Donald Trump signaled a potential rollback of tariffs on China from the current 145 per cent. The S&P/ASX 200 jumped 1.3% to 7920.9 by 2pm, while the All Ordinaries gained 1.4%. Energy led gains across all 11 sectors, as iron ore and crude prices climbed on easing trade tensions.

The Australian sharemarket was flat in afternoon trade as gains in Commonwealth Bank helped offset broader market weakness driven by fresh volatility in US markets. The S&P/ASX 200 Index edged down 1.3 points to 7817.8 near 2pm, paring a 1 per cent early decline. Technology led sector losses, while banks and miners provided some support.