Australia's S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Friday.
Here's a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 1.96% to 5,820.70
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 1.89% to 5,929.00
- AUD/USD at US 77 cents
- Gold at US$1,334.20 an ounce
- Brent Oil at US$69.54 a barrel
The best result in the ASX200 today came from the gold miners today as the stock market reacted to the tit-for-tat tariff threats from President Trump and China. Resolute Mining Limited (ASX: RSG) went up by 3.25%, Northern Star Resources Ltd (ASX: NST) increased by 1.04% and Newcrest Mining Limited (ASX: NCM) went up by 0.97%.
Investors sent the Alumina Limited (ASX: AWC) share price up by 0.81% today on no news.
The market sent Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) higher by 0.5% after it revealed another increase to its dividend yesterday.
At the other end of the market BlueScope Steel Limited (ASX: BSL) went down by 5.86% after it was revealed Australia may not get a steel exemption after all from the US, at least only a temporary one.
BHP Billiton Limited (ASX: BHP) fell by 3.13% on the worries about the tariff trade war.
Other resource stocks also suffered heavily today with South32 Ltd (ASX: S32) and Mineral Resources Limited (ASX: MIN) falling by 5.33% and 5.71% respectively.
Here are some of today's top stories:
