The ASX200 has been down 0.4% at 8,385 points.
US President elect Donald Trump has taken to social media to say he’ll impose tariffs on Chinese, Canadian, and Mexican goods. The posts sent the Australian dollar to a four-month low; it’s been trading around 64.7 US cents.
To the sectors, Staples has been the best performing, up 1.25%, followed by Real Estate, up 0.66%, and Information Technology, up 0.53%.
Company News
American Rare Earths (ASX: ARR) has been down 1.8% on final assay results from its 2024 drilling campaign at the Cowboy State Mine at Wyoming in the United States. The company says the findings underpin updated geological models and resource estimates, paving the way for the next phase of development.
American Rare Earths has been 27.5 cents.
Raiden Resources (ASX:RDN) has been down 39% on results from its maiden diamond drilling program at the Andover South Lithium Project in WA.
Raiden Resources has been 1.4 cents.
Woodside (ASX:WDS) has been down 2.75% on the back of a fall in the oil prices overnight. Brent crude is now trading at around $73 per barrel. The company has also been partially impacted by an unplanned closure of its Pluto LNG facility.
Woodside has been $24.66.