Sigma Capital

15-06-2025

Australian Stocks Down for 2nd Day

Source: MIST

Trading Economics-


The S&P/ASX 200 fell 0.2% to close at 8,547 on Friday, marking its second consecutive session of losses, as escalating geopolitical tensions and persistent tariff risks weighed on market sentiment. Still, the index managed to advance 0.4% for the week, its fifth straight weekly gain.Adding pressure, Trump threatened renewed tariffs, including an expansion of steel duties to cover steel-based appliances. Investors now await details on the US-China trade deal, which is yet to be finalized. At home, attention turns to Australia’s May employment data due next week, which may influence the RBA’s rate outlook. On the corporate front, mining stocks led losses, such as BHP Group (-2.3%), Rio Tinto (-0.9%), and South32 (-3.2%). On the upside, gold miners and energy firms surged following a spike in oil and bullion prices.