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The ASX200 has been down 0.36% at 8,480 points through trade today.
The local bourse has reacted negatively to the news the Trump administration is set to impose a 25% tariff on Aussie aluminium and steel.
Utilities has been the best-performing sector, up 0.6%, followed by Health Care, up 0.45%, and Staples, up around 0.25%.
IT and Technology are the biggest losers, both down 1.2%, then Financials, down 0.5%.
JB Hi-Fi (ASX:JBH) has been down 3.9% after posting its results. The company reported half-year revenue of $5.67 billion, marking a 9.8% increase on the same period in 2023. Net profit after tax rose to $285.4M, up 8%.
JB Hi-Fi has been $102.60.
Pilbara Minerals (ASX:PLS) has been down 2% after projecting a net loss of between $5 to $7 million in the first half of FY25. EBITDA is expected to please investors – landing in a range from $71 million to $75 million.
Pilbara Minerals has been $2.18.
PYC Therapeutics (ASX:PYC) has been down 2% after receiving regulatory approval to launch human trials for its investigational drug, which is designed to target Autosomal Dominant Polycystic Kidney Disease (PKD).
This significant step marks a potential breakthrough for a condition affecting over five million globally; limited treatment options are currently available.
PYC Therapeutics has been $1.28.
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