The Australia’s ASX 200 index has reversed Thursday’s profit and fell by 0.70%on Friday morning. Gold, mining and technical shares weighed heavier against the profit in the banking sector.
- Northern Star Resources Ltd (NST) decreased by 2.24% after the gold prices fell by 1.35% on 27 February to $ 2,877.
- IJzerert prices fell for the fifth consecutive session on 27 February and expanded their losses on 28 February for fear of a complete trade war in the US-China. Mijnbouw Giants BHP Group Ltd. (BHP) and Rio Tinto Ltd. (Rio) fell by 1.70% and 2.06% respectively.
- In the meantime, the falling 10-year-old American treasury smells increased the demand for higher financial shares.
Outlook: important risks and opportunities
Looking ahead, tariff developments, American inflation trends and guidelines for the Central Bank will influence the risk sentiment.
While innovation and strategic AI partnerships offer growth opportunities, escalating American China stresses above AI can increase the risk aversion, so that the sentiment of investors is filled in. The market volatility can continue to exist if the uncertainty about the American rate policy continues.
In Asia, rising trade stresses can further put regional stocks under pressure, while alleviating concern could cause a rebound.
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