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The Market Wrap with Tony Sycamore, Market Analyst, IG Australia

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The US has brought in tariffs on automotives, which will affect some Australian parts makers, but is it a sign to come?

MARKET WRAP:

  • ASX200: down 0.38%, 7,969
  • GOLD: $3,069 US/oz
  • BITCOIN: $138,608 AUD
  • REITs and Tech stocks were hurt the most, with both sectors down more than 2%.
  • Healius shares rose 10.7% to $1.45 after saying it intends to pay a special dividend worth $300 million to shareholders.
  • Brent now approaching $74 US a barrel – that helped local energy companies.
  • Woodside lifted 1.5%, Ampol 1.7% and Santos 0.6%.
  • Climbing more than 1% were James Hardie, Evolution Mining and Amcor.
  • A final offer of $2.8 billion for Domain Holdings didn’t have the same effect, with shares down 4.9% to $4.25.
  • Bapcor lost 2.5%, ARB fell 2% and Eagers was down 2.7%
  • Wisetech down 2%, NextDC falling 6.5% and Life360 down 3.1%.

CURRENCY UPDATE:

  • AUD/USD: 63.08 US cents
  • AUD/GBP: 48.9 pence
  • AUD/EUR: 58 Euro cents
  • AUD/JPY: 94 Japanese yen
  • AUD/NZD: 1.10 NZ dollars
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