Consumer staples stocks fell past 3% at midday Wednesday, as all sectors of the ASX continued to trade in the red.
An escalating trade war between the US and its trading partners, Canada and Mexico, triggered a sell-off on Wall Street.
Meanwhile, Australia's GDP rose 0.6% quarter-over-quarter in the fourth quarter, supporting the Reserve Bank's cautious approach to further interest rate cuts.
Live Verdure (ASX:LV1), through its Decidr.ai platform, is working with Go1, a corporate learning platform, to explore how Decidr can develop artificial intelligence-driven learning technology. Its shares fell past 5% in recent trading.
The Energy, Consumer Discretionary, and Financials sectors, all fell over 1%.
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