Bad day for you Ronnie, not enough doom and gloom for you to enjoy spreading?
ASX marches higher on latest Trump tariff development
The Australian sharemarket trimmed its early day gains, but still closed at a fresh record high on Friday, as markets traded on hope Australia could be spared from the worst of the Trump tariffs.
The benchmark ASX 200 index gained 15.80 points or 0.19 per cent to finish the week at a fresh highest of 8555.80 points.
The broader All Ordinaries also rose, up 20.90 points or 0.24 per cent to close at 8825.10 points.
Australia’s dollar firmed and was trading late on Friday around US63.17c.
Eight of the 11 sectors finished in the green, led by strong gains out of consumer staples, utilities and technology stocks.
Part of the narrative for Friday’s market was Australia’s response to the current steel and aluminium tariffs suggested by President Donald Trump’s administration.
