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.
The Australian sharemarket declined on Tuesday as US President Donald Trump’s reaffirmation of tariffs on Mexico and Canada heightened investor concerns over global trade tensions. The S&P/ASX 200 fell 0.5% to 8265.10 by 2pm, while the All Ordinaries dropped 0.6%. Losses were broad-based, with consumer discretionary stocks leading the decline.
The S&P/ASX 200 edged 0.1% higher to 8301.80 on Monday, recovering from early losses as bargain hunters drove a rebound in financial stocks. The index opened lower amid broad selling but reversed course by early afternoon, with six of 11 sectors advancing, led by utilities.
The S&P/ASX 200 declined 0.2% to 8303.70 in afternoon trade, marking a new one-month low as weakness in consumer discretionary stocks and Commonwealth Bank weighed on the market. The Australian dollar edged above US64¢.
The Australian sharemarket extended its sell-off on Thursday, with the S&P/ASX 200 Index dropping 1.5% to 8,297, its largest intraday decline in three weeks. A stronger-than-expected 44,000 increase in January employment tempered rate cut expectations, with odds of a May cut falling from 79% to 72%.
ASX Declines as Banks Weigh on Market
The S&P/ASX 200 fell 0.7% (55.2 points) on Wednesday to 8425.80, as banking and energy stocks dragged the index lower. Seven of the 11 sectors finished in positive territory.
The Australian sharemarket extended losses on Tuesday as interest-rate-sensitive sectors sold off following the Reserve Bank of Australia’s widely expected 25-basis-point rate cut to 4.1 per cent—the first reduction since 2020.
The Australian sharemarket declined on Monday, with banks leading losses after underwhelming earnings reports from Westpac and Bendigo Bank. The S&P/ASX 200 Index fell 0.6% (54.60 points), retreating from Friday’s record high of 8555.8.
