With Donald Trump’s new tariff program hitting China hard, will Australia’s iron ore miners suffer in the process?

MARKET WRAP:

• ASX200: down 0.58% to 8,198
• GOLD: $2,903 US/oz
• BITCOIN: $134,474 AUD

• An oil price resulted in a 3.2% fall across Energy stocks, with Woodside falling over 3%, Santos was down 4.7%, and Ampol shed almost 2%.
• The threat of Cyclone Alfred saw insurers Suncorp and QBE both down 2%, while IAG was off by 1.7%.
• Origin dropped 4.2% and Nick Scali fell 3.9% as both traded ex-dividend.
• Qantas made it over $10 for the first time, rising 2.1% to $10.20.
• Health Care’s good day was led by CSL rising 1% and Resmed lifting 0.9%.
• Gains of more than 1% for Transurban, Evolution Mining, and Mirvac.

CURRENCY UPDATE:

• AUD/USD: 62.06 US cents
• AUD/GBP: 48.9 pence
• AUD/EUR: 59 Euro cents
• AUD/JPY: 92 Japanese yen
• AUD/NZD: 1.10 NZ dollars