The trade war between the US and China has threatened to boil over again, just weeks after a truce was declared.

MARKET WRAP:

• ASX200: down 0.24%, 8414
• GOLD: $3,289 US/ounce
• BITCOIN: $162,704 
• Soul Patts rose 16.4%, and Brickworks gained 27.6% after a $14 billion merger deal was struck.
• Aluminium companies were scared off by the weekend lift in tariffs by the US, with Alcoa down 4.8%, and South32 dropping 3.6%.
• BHP lost 1.2%, Fortescue down 2.5% and Rio Tinto off by 1.7%.
• Mineral Resources fell another 11.8% to $19.58.
• Bluescope Steel gained 4.4% to $23.75
• James Hardie up 1.4% to $35.94
• Wisetech, Sigma Healthcare, and Origin Energy were all lower
• Up by more than 1% was QBE, Coles and Xero

CURRENCY UPDATE:

• AUD/USD: 64.8 US cents
• AUD/GBP: 47.8 pence
• AUD/EUR: 56 Euro cents
• AUD/JPY: 92 yen
• AUD/NZD: 1.07 Dollars