FX.co ★ Australian Shares Jump on Trump Tariff Pause

On Thursday, the S&P/ASX 200 Index experienced a robust 6% surge, exceeding the 7,800 mark. This recovery reversed earlier losses in the week, following US President Donald Trump's announcement of a 90-day suspension on numerous new tariffs introduced last week. Although Australia continues to face a 10% baseline tariff, the development has mitigated investor apprehension concerning increasing trade tensions, as most nations now have an opportunity to negotiate with the US. Conversely, Trump has heightened pressure on China by elevating tariffs on Chinese imports to 125% in retaliation for Beijing's countermeasures. The Australian market's rebound was driven by gains in commodity-linked stocks, with BHP Group climbing 7.1%, Fortescue Metals advancing 7.2%, Woodside Energy increasing by 8.1%, Pilbara Minerals soaring 14.1%, and Mineral Resources rising 13.8%. Furthermore, the financial, consumer, and technology sectors recorded notable gains, with Macquarie Group up 9.9%, Aristocrat Leisure increasing 8.4%, and Xero advancing 8.1%.