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The ASX 200 has today set a new 20-day low, falling by 0.85% – to 8,238.80 points.
This tracked a sell-off in U.S. equities, prompted by uncertainty after Trump reiterated his calls for tariffs on major trading partners Mexico and Canada.
The tariffs question also weighed on commodity prices, which remained flat; broad losses were seen across the Aussie market.
Of the four sectors in the green, Utilities was the strongest, up 0.82%, followed by Staples, up 0.13%, and Health Care up 0.12%.
In the red we had Discretionary, down 2.23%, followed by Information Technology, down 1.21%, and Materials, 1.13% lower.
Zip Co (ASX:ZIP) has been more than 15% higher after reporting a 117% in cash earnings during the first half of fiscal year 2025, for a record $67 million.
Shares in the buy now pay later company were $2.74.
Nine Entertainment Co Holdings Ltd (ASX:NEC) has been up 4.29% despite telling investors its earnings its interim earnings for 2025 fell by 15% to $268 million; influenced by weaker advertising and economic markets and the loss of its Meta deal.
NEC was trading at $1.70.
And, John Lyng Group Ltd (ASX:JLG) has slumped by over 30% after the construction company downgraded its guidance for 2025 on the basis of slowing movement on its U.S. and NSW projects.
John Lyng has been selling for $2.64.
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