Author name: Kai Chen

Kai is a seasoned finance professional with a quantitative background, uses his broad market experience to provide insightful analysis on the markets, helping investors navigate the complexities of stock trading.

Closing Bell

Closing Bell 21th January: Trump Strikes Back

The Australian sharemarket recovered losses on Tuesday afternoon, with the S&P/ASX 200 Index rising 0.7% by 2:23 pm, reversing a morning dip spurred by U.S. President Donald Trump’s tariff plans. Trump’s proposal to impose 25% tariffs on Mexico and Canada by February 1 caused the Australian dollar to drop 0.7% to US62.48¢.

Scroll to Top