Australian stocks fall as US tariff move sours risk appetite

Reuters
02/23
Australian stocks fall as US tariff move sours risk appetite

Feb 23 (Reuters) - Australian shares fell on Monday, dragged down by tech, real estate and energy stocks, as investors weighed the impact of U.S. President Donald Trump's 15% temporary tariff on the rest of the world.

The S&P/ASX 200 index .AXJO fell 0.4% to 9,045.7 by 0049 GMT. The benchmark rose 1.8% last week.

Trade concerns resurfaced over the weekend after the U.S. Supreme Court struck down Trump's emergency tariffs, leading him to announce a new 10% rate on the rest of the world, only to then lift it to 15%.

"While investors may attempt to digest and move beyond the announcement efficiently, the broader implications remain complex," said Chris Weston, head of research at Pepperstone.

In Sydney, shares of biotechnology giant CSL CSL.AX and winemaker Treasury Wine Estates TWE.AX slipped around 2.7% and 3.7%, respectively.

CSL and Treasury Wine Estates earn between 40% and 50% of their revenues from the U.S., according to their 2025 annual reports.

Tech stocks .AXIJ dropped over 2.5%, with Xero XRO.AX and WiseTech Global WTC.AX shedding more than 2% each.

Energy stocks .AXEJ slid 1.7%, tracking weaker oil prices as Trump's fresh tariffs raised uncertainty for world economic growth and fuel consumption. O/R

Sector giant Woodside Energy WDS.AX was down 1% ahead of its annual results on Tuesday.

Ampol ALD.AX, the country's top fuel retailer, declined nearly 3% despite reporting a better-than-expected annual profit.

Real estate stocks .AXRE dipped 1.5%, while the banking sub-index .AXFJ inched 0.3% lower.

Meanwhile, the mining index .AXMM rose about 1%, helped by a 1.4% climb in top miner BHP BHP.AX.

Gold miners .AXGD advanced 2% in their steepest intraday gain in a week on the back of bullion strength. GOL/

Evolution Mining EVN.AX and Northern Star Resources NST.AX rose about 1.2% each.

New Zealand's benchmark S&P/NZX 50 index .NZ50 gained 0.9% to 13,424.21.

(Reporting by Anjali Singh in Bengaluru; Editing by Subhranshu Sahu)

((anjali.singh2@thomsonreuters.com))

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10