Market Alert: Trump Revives Trade War Playbook with Tariff Threats

ASX/200 Closed Higher by 0.08%, Lifted by Consumer Discretionary

Jul 04, 2025

By the end of the trading session on 04 July 2025, the benchmark index S&P/ASX 200 closed lower by 0.08% and settled at 8,603.00. Out of the 11 sectors, 08 sectors ended higher along with the S&P/ASX 200.

Consumer Discretionary and A-REIT is the top-gaining sector, gaining 0.81% and 0.79% in their it’s value. On the other hand, Materials and Energy are the top-losing sector, losing 0.97% and 0.22% in their index value.

Clarity Pharmaceuticals Limited (ASX: CU6) and AMP Limited (ASX: AMP) are the top-gaining stocks, gaining 6.909% and 5.166% in their stock prices. On the other hand, New Hope Corporation Limited (ASX: NHC) and The Lottery Corporation Limited (ASX: TLC) are the top-losing stocks, losing 3.187% and 2.789% in their stock prices.

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Top gainer for the day:

  • Consumer Discretionary (Up 0.81%)
  • A-REIT (Up 0.79%)

Top loser for the day:

  • Materials (Down 0.97%)
  • Energy (Down 0.22%)

Other Factors influencing the market:

  • Cleanaway Waste Management Limited (ASX: CWY) gained 1.6% after receiving clearance from the Australian Competition and Consumer Commission (ACCC) for its proposed $377 million acquisition of Contract Resources, initially announced in March.
  • Silk Logistics Holdings Limited (ASX: SLH) surged 21.5% after the ACCC confirmed it would not oppose DP World Australia’s $174 million bid to acquire the national container logistics provider.
  • ARB Corporation Limited (ASX: ARB) advanced 4.3% after Citi upgraded the automotive accessories manufacturer from “neutral” to “buy.” The brokerage set a short-term price target of $38.70, indicating a potential upside of nearly 12%.
  • Monadelphous Group Limited (ASX: MND) rose 1.6% after announcing it had secured new engineering contracts valued at over $100 million.
  • In Japan, household spending saw its strongest growth since mid-2022, helping offset broader economic concerns linked to U.S. tariff pressures.
  • Oil prices were steady after declining on Thursday (Friday AEST) following a report from Axios that the United States intends to restart nuclear negotiations with Iran.
  • Global Markets Snapshot (at the time of writing): The Dow Jones slipped 0.77%, while the S&P 500 gained 0.83% and the NASDAQ rose 1.02%. 
  • In international markets, the Hang Seng declined 0.79%, whereas the FTSE 100 edged up 0.55%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

 

 

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