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asx 200 declines as trump's tariff plans stir market uncertainty
The ASX 200 fell 38 points (-0.45%) to 8380 amid market reactions to the president-elect's tariff plans, which could see a modest increase in tariffs on Chinese imports. Energy stocks declined following a 3.1% drop in crude oil prices, while the banking sector was pressured by APRA's decision to maintain the mortgage serviceability buffer. Despite a slight recovery in iron ore prices, gold stocks suffered losses due to geopolitical developments and fiscal policy changes.
asx 200 reaches record high driven by strong financial and tech sectors
The ASX 200 surged to a record high of 8431, up 131 points (+1.59%), driven by optimism from Nvidia"s earnings and strong performance in the financial sector. The Reserve Bank of Australia"s meeting minutes indicated stable policy settings, with little chance of an interest rate cut before May 2025. Local tech stocks also benefited, with notable gains in companies like TechnologyOne and Afterpay"s owner Block.
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