ASX Shakes Off Tariff Fears
The Australian share market has been boosted on Monday from strong figures out of China and a resilient Wall Street, with all 11 sectors finishing in the green. The benchmark ASX200 index jumped 73.30 points or 0.9 per cent to close at 8245.70 points, as investors took up new month positions and factored in stronger than expected manufacturing data. The broader All Ordinaries finished 74.90 points higher or 0.9 per cent to 8478.80.
- This market rally highlights the resilience of Australian stocks against external economic shocks, such as tariffs, and underscores the growing importance of China's manufacturing sector.
- How will this trend of strong Chinese manufacturing data affect the global commodity markets, particularly iron ore, in the coming months?