Market Alert: Trump Revives Trade War Playbook with Tariff Threats

ASX/200 Closed Lower by 0.21%, Dragged down by Consumer Staples

Jun 20, 2025

By the end of the trading session on 20 June 2025, the benchmark index S&P/ASX 200 closed lower by 0.21% and settled at 8,505.50. Out of the 11 sectors, 06 sectors ended lower along with the S&P/ASX 200.

Utilities and Industrials is the top-gaining sector, gaining 0.74% and 0.62% in their it’s value. On the other hand, Consumer Staples and Consumer Discretionary are the top-losing sector, losing 0.87% and 0.63% in their index value.

Zip Co. Limited (ASX: ZIP) and NRW Holdings Limited (ASX: IEL) are the top-gaining stocks, gaining 5.904% and 5.036% in their stock prices. On the other hand, Mineral Resources Limited (ASX: MIN) and Clarity Pharmaceuticals Limited (ASX: CU6) are the top-losing stocks, losing 6.168% and 5.455% in their stock prices.

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Top gainer for the day:

  • Utilities (Up 0.74%)
  • Industrials (Up 0.62%)

Top loser for the day:

  • Consumer Staples (Down 0.87%)
  • Consumer Discretionary (Down 0.63%)

Other Factors influencing the market:

  • Bowen Coking Coal shares plunged 48.6% to 18¢ following news that challenging coal market conditions and what the company described as an “unsustainable” Queensland royalty framework may force a temporary suspension of operations.
  • Nine Entertainment has announced the leadership team for its newly formed streaming, TV, and radio division as the company faces headwinds from declining broadcast revenue, limited growth in its Stan streaming platform, and fierce competition for ad spend from global giants like Netflix and Facebook.
  • Webjet slipped 1.7% after revealing that former Virgin Australia CEO Paul Scurrah would join its board as an independent non-executive director next month, along with Melanie Wilson, currently a director at JB Hi-Fi.
  • Gold prices are on track for their first weekly decline in three weeks, weighed down by easing tensions in the Middle East and signals from the US Federal Reserve that inflationary pressures may limit the scope for future rate cuts.
  • Oil prices retreated as the Trump administration’s two-week timeframe for a decision on Iran de-escalated immediate concerns in energy markets. Meanwhile, iron ore gained, and spot gold slipped 0.4%.
  • In global markets, the Dow Jones Industrial Average slipped 0.10%, the S&P 500 edged down 0.03%, while the NASDAQ Composite gained 0.13.
  • The Hang Seng Index rose 0.79%, and the FTSE 100 advanced 0.35%.

Top 5 Gainers and Losers Scoreboard:

90-Day Average Volume Outlier:

 

 

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