The ASX200 dropped for a second straight session amid growing concerns over a global trade war, driven by new tariffs and retaliatory measures that threaten to disrupt supply chains and slow economic growth. The materials and energy sectors led the decline, while financial stocks also faced pressure, reflecting investor anxiety over the broader economic outlook. Safe-haven assets like gold and government bonds saw increased demand as market volatility rose. Analysts warn that prolonged trade tensions could significantly impact global growth and corporate earnings. Investors are closely watching for policy responses from central banks and governments to mitigate the fallout. The trajectory of trade disputes will remain a key driver of market performance in the coming weeks.
(By Ziqi Qin)
(Ref:https://www.news.com.au/finance/markets/australian-markets/market-wrap-asx200-falls-for-second-consecutive-session-on-escalating-trade-war-fears/news-story/90ecf35e2df8c51112e54c838abcdd8d)
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