Australia’s ASX 200 index fell by 0.29%on Wednesday morning, dragged lower due to gold, mining and technical shares.
Mining giants Fortescue Ltd. (FMG) and Rio Tinto Ltd. (Rio) fell by 4.76% and 1.06% respectively, because the moth prices of the iron ore fell 1.34% at night. The gold prices also weakened on 25 February and sent Northern Star Resources (NST) with 1.96%.
Tech stocks followed Wall Street lower, with the S&P/ASX all technology index fell 1.30%.
Outlook: important risks and opportunities
Looking ahead, the trade tensions of the US-China, the policy of the Central Bank and the tariff developments are important factors of market sentiment.
Although innovation and strategic partnerships in AI and technology offer growth opportunities, a long-term American AI war can hinder progress. In the meantime, continuous tariff insurtions can feed on market volatility further market volatility.
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