The Australia’s ASX 200 index rose by 0.45%on Friday morning, which briefly ran a record high of 8,615.2 before he withdrew. American tariff developments caused the demand for mine shares, while gold -related shares contributed to the profit.
Mijnbouw Giants BHP Group Ltd. (BHP) and Rio Tinto Ltd. (Rio) won 0.59%and 1.15%respectively, because the spot prices of iron ore rose by 1.88%. Northern Star Resources Ltd. (NST) went up with 1.09%, and benefited from an overnight stay of 0.83% rise in gold prices.
Outlook: Risks and opportunities for the bow
Looking ahead, the American tariff policy and the growth of the AI sector will probably continue to stimulate the markets. AI shares could increase their profit as strategic partnerships and innovation boost optimism. That said, American tariff uncertainty can expose the production and mining shares to increased volatility.
In the meantime, the hope of trade negotiations in the US can support the Chinese markets of Australian, Hong Kong and the mainland. The Hang Seng index could also benefit from the AI-driven euphoria, while the rate risks underlines the need for caution.
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