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The ASX 200 has been trading lower today, down about 1.25%, to 8174 points.
The market has been weighed by fears about how U.S. tariffs on Chinese goods may impact Australian commodities; President Donald Trump has said both China and Mexico will be hit with tariffs next week.
All sectors have dropped into the red, Materials and Consumer Staples dropping 2.5%, with grocer Coles and drinks business Endeavour seeing sell offs today.
IT is down about 2.3%.
Star Entertainment Group Ltd (ASX:SGR) sunk more than 13% after telling shareholders a range of cash investors will be needed to keep the company operational.
Shares in Star last traded at 11 cents.
Digital property settlements company PEXA Group (ASX:PXA) has been up about 7.5% after reporting revenue up more than $40m on 2024.
However, Pexa reported a loss of $32.7 million in the first half of the 2025 fiscal year. This is much greater than last year’s $4.6 million loss – but reflects the impairment of an investment.
It’s launched an on-market buy back.
PEXA last traded at $12.23.
And, building services provider John Lyng Group Ltd (ASX:JLG) has been more than 9% down only days after it posted a strong interim report for revenue and earnings.
John Lyng shares last traded at $2.56.
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