Australia’s ASX 200 index fell by 0.25%on Friday morning, which extended the decline for a fifth consecutive session. Put losses in the technological and bank sectors under pressure on the wider market.
Commonwealth Bank of Australia fell by 2.24% while the banking sector was struggling after disappointing profit reports. The S&P/ASX All technology index fell by 1.40%.
In the meantime, gold and mine shares damped the disadvantage of rising gold and iron ore prices. Fortescue Ltd. (FMG) and Rio Tinto Ltd. (Rio) led the profits, 2.36% and 2.47% respectively. Iron ease prices rose 2% to $ 827.46 on 20 February, while gold came closer to $ 3,000.
Outlook: important risks and opportunities
Looking ahead, company profits, policy signals for central bank and American tariff developments will influence market sentiment.
Although innovation and strategic partnerships in AI and technology can support growth, continuous tariff uncertainty can stimulate further volatility.
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