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The ASX200 closed down 1.8% at 8,379 points.
United States tariffs on imports from China and fears of a global trade war weighed heavily on Aussie stocks today. The Aussie dollar hit a four-year low, dropping below 61 cents.
Market darling Commonwealth Bank (ASX:CBA) shed 2% in early trade before paring losses, and big miner BHP (ASX:BHP) closed 1.8% lower.
Health Care was the worst performing sector in a sea of red, down 2.25%, followed by Discretionary, down 2%, and Materials and Financials, both down around 1.9%.
In the Green
Hansen Technologies (ASX:HSN) closed up 2.2% after a trading update reaffirmed its revenue guidance of $398 million to $405 million and underlying EBITDA of $92 million to $101 million.
Hansen Technologies closed at $5.59.
Catalyst Metals (ASX:CYL) closed up 0.9% after it released an exploration update. The company says it has 10 rigs on site at the Plutonic Belt, drilling 320,000 metres at a cost of $40 million over the next 12 months.
Catalyst Metals closed at $3.54.
Lynas Rare Earths (ASX:LYC) closed up 3.6%, extending last weeks gains. Investors have been piling into the stock on news Gina Rinehart’s Hancock Prospecting have increased their holding from 7.1% to 8.2%.
Lyna Rare Earths closed at $6.56.
In the Red
Nova Minerals (ASX:NVA) closed down 5.9% after posting results from its 2024 exploration season at the Estelle Gold and Critical Minerals Project in the Tintina Gold Belt, Alaska.
Nova Minerals closed at 32 cents.
Cettire (ASX:CTT) closed down 19% after releasing an update regarding the amendments to the US tariff regime affecting imports from Canada, Mexico, and China.
Cettire closed at $1.17.
Fisher & Paykel Healthcare (ASX:FPH) closed down 7.4% on news it anticipates increased costs under the new United States tariff regime.
Fisher & Paykel closed at $31.80.
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