Does China care about Trumps Tariff threats?
China’s stranglehold on Critical minerals, Manufacturing and now AI with DeepSeek means President Xi may not be that concerned about tariff threats
China’s stranglehold on Critical minerals, Manufacturing and now AI with DeepSeek means President Xi may not be that concerned about tariff threats
Technology, electricity, and data centre companies faced significant sell-offs on Tuesday amid investor concerns that China’s advancements in cost-effective AI could pressure earnings for firms like Nvidia and reduce demand for energy-intensive data centres.
The S&P/ASX 200 was higher in early afternoon trading, up just 2.1 points to 8411, reversing earlier gains. Overnight, Wall Street tumbled, with the Nasdaq dropping 3% as traders feared the Chinese start-up DeepSeek’s AI could disrupt the US tech sector. Nvidia shares plunged 16.7%, while Constellation Energy dropped over 20%.
Dive into the world of ETFs and exchange rate risk, where the Aussie dollar dances with global currencies, creating opportunities and challenges for your portfolio.
Dive into the world of ETFs and exchange rate risk, where the Aussie dollar dances with global currencies, creating opportunities and challenges for your portfolio.
Australian shares advanced on Friday, driven by gains in domestic retailers. The S&P/ASX 200 index rose 0.4% (30.1 points) to 8408.8, with nine of the 11 sectors posting gains, led by consumer discretionary stocks. The All Ordinaries index also climbed 0.4%.
The Australian sharemarket edged lower on Friday afternoon, weighed down by declines in the financial and communication services sectors. The S&P/ASX 200 Index slipped 0.1% or 10.1 points to 8316.9 at mid afternoon, following a 1.4% gain on Thursday. Major banks led the losses, with Commonwealth Bank falling 1%.
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The S&P/ASX 200 Index maintained its 1.4% gain, trading 123.8 points higher at 8327.1 by mid afternoon Thursday, while the All Ordinaries rose 1.3%. All 11 sectors advanced, led by banks and technology stocks, as global markets rallied on a softer US consumer price index reading, easing inflation concerns.
Stocks surged on Wednesday after December’s consumer price index (CPI) report showed core inflation unexpectedly eased, while major U.S. banks posted robust quarterly earnings.
The Dow Jones Industrial Average jumped 703.27 points (1.65%) to 43,221.55, the S&P 500 rose 1.83% to 5,949.91, and the Nasdaq Composite climbed 2.45% to 19,511.23—the best session for all three indices since November 6.
The Australian sharemarket reversed earlier gains to close marginally lower on Wednesday, with the S&P/ASX 200 slipping 0.04% (3.5 points) to 8227.5. The All Ordinaries fell similarly, reflecting a subdued trading session as investors awaited key US inflation data.
The Australian sharemarket edged higher on Tuesday, rebounding from a two-week low as bargain hunters entered the market. The S&P/ASX 200 Index rose 0.3%, or 27.2 points, to 8219 by mid-afternoon, with nine of 11 sectors posting gains. The All Ordinaries gained 0.4%. However, trading volumes remained thin.
The Australian sharemarket extended losses on Monday following a surprise uptick in US jobs data that dashed hopes for an imminent Federal Reserve rate cut. By late afternoon, the S&P/ASX 200 index had dropped 1.3%, or 111.5 points, to 8182.6.