Global markets took a hit after Trump’s tariff announcement, with the Aussie market initially plunging 2.1%—wiping nearly $50 billion off its value—before recovering slightly to a 1% loss ($23 billion). Investors reacted sharply to new baseline 10% tariffs on all countries and much higher levies on major trading partners like China, triggering fears of a trade war. Defensive stocks like consumer staples provided rare bright spots, while energy, tech, and mining stocks suffered. Gold surged to a record high, benefiting gold miners, while agriculture and luxury retail stocks with US exposure tumbled. 

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

Global markets took a hit after Trump&rsquo;s tariff announcement, with the Aussie market initially plunging 2.1%&mdash;wiping nearly $50 billion off its value&mdash;before recovering slightly to a 1% loss ($23 billion). Investors reacted sharply to new baseline 10% tariffs on all countries and much higher levies on major trading partners like China, triggering fears of a trade war. Defensive stocks like consumer staples provided rare bright spots, while energy, tech, and mining stocks suffered. Gold surged to a record high, benefiting gold miners, while agriculture and luxury retail stocks with US exposure tumbled.&nbsp;
The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

CommSec Market Update is the podcast that will help you to stay ahead of the trends with daily expert commentary as the market opens and closes.  Whether you are invested in the stock market, or just looking to get started, join the team from Australia’s leading online broker and follow the changes as they happen.



The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

CommSec Market Update is the podcast that will help you to stay ahead of the trends with daily expert commentary as the market opens and closes.  Whether you are invested in the stock market, or just looking to get started, join the team from Australia’s leading online broker and follow the changes as they happen.
 
The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

Insights, interviews and the latest news and information on investment markets from CommSec, Australia's leading online broker.

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