From Nasdaq: 2025-02-09 21:42:19

The Australian stock market continues to fall, influenced by negative cues from Wall Street and US President Trump’s decision to impose a 25% tariff on aluminum and steel imports.

The benchmark S&P/ASX 200 Index is down 0.35% to 8,481.30, with tech and financial stocks declining while gold miners and energy stocks see gains. Major miners like BHP Group and Rio Tinto are down, while oil stocks like Santos and Origin Energy are up.

Tech stocks like Afterpay and Xero are down, while gold miners like Evolution Mining and Newmont are up. Big four banks like National Australia Bank are also seeing declines.

In other news, Star Entertainment Group shares rise 15% and Ansell shares surge 7%. Building permits in Australia increased by 0.7% in December, and the Aussie dollar is trading at $0.625.



Read more at Nasdaq: Australian Market Extends Early Losses In Mid-market