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Australia 200 declines amid rising trade tensions and economic forecasts

The Australia 200 index fell 58 points (-0.70%) to 8187 amid escalating trade tensions, hitting a seven-week low of 8150.2 before some buying emerged. The US economy faces challenges as manufacturing PMI declines, while Australian GDP forecasts improve, suggesting resilience despite the trade war. In the energy sector, crude oil prices dropped 2% as OPEC plans to increase supply, impacting stocks like Beach Energy and Santos. The mining sector also suffered, with iron ore prices falling below $100, affecting companies like Mineral Resources and Fortescue.
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Finance & Economy, Market Report
06:17 04.03.2025
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