The Aussie share market has started the week deep in the red as investors weigh the impact of US President Donald Trump’s savage wave of tariffs imposed on Mexico, Canada and China.
Aussie shares have hit a new record high on the back of cooling inflation and hopes for interest rate relief, despite a rough few days on global markets.
Gold miners are glistening on the Australian stock market after the precious metal hit a fresh record high as the US dollar pushed lower and traders sought safety amid concerns over Trump’s tariff measures.
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Australia’s tech-light markets mostly managed to avoid widespread panic besetting US and Japanese bourses caused by the emergence of Chinese artificial intelligence start-up DeepSeek.
Australia’s listed tech stocks have copped a bloody nose following a rout in the US market overnight, brought on by revelations that a Chinese startup had made huge strides in the development of AI.
A Chinese artificial intelligence start-up has wiped billions off the US stock market as users flock to the ChatGPT competitor. But now, registrations have been limited. This is what you need to know.
Nvidia and other technology shares have plunged, part of a global sell-off as Chinese startup DeepSeek sparked concerns over competitiveness in artificial intelligence and America’s leadership.
US stocks have fallen as investors reacted to competition in the field of artificial intelligence from Chinese startup DeepSeek, with the ‘fear gauge’ at it’s highest point in weeks.
The research from property analytics firm CoreLogic comes as stretched households look to the Reserve Bank to make a call on whether inflation has been defeated.
Optimism on the Trump presidency's implications for markets and the economy drove Australian shares to further gains with the benchmark up 0.6 per cent at noon.