ASX Midday Sector Update: Consumer Staples Stocks Plummets, All Sectors in Red

MT Newswires Live

Mar 05, 2025

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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Its shares fell past 5% in recent trading.</p><p>The Energy, Consumer Discretionary, and Financials sectors, all fell over 1%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7141","symbol_name":"包装食品与肉类","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2517930011","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517930011","pubTimestamp":1741142208,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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