The S&P/ASX 200 closed 0.6% lower at 9,026 on Monday, extending the previous session’s losses as weakness in technology, real estate, and energy stocks weighed on the market. Sentiment deteriorated amid renewed trade uncertainty after US President Donald Trump announced a 15% tariff on global imports, following a Supreme Court ruling that invalidated his earlier, broader tariff measures.
Technology stocks shed nearly 5%, while real estate and energy names lost 2.1% and 1.7%, respectively. Among major movers, Woodside Energy eased 1% ahead of its annual results, and fuel retailer Ampol fell almost 3% despite reporting full-year earnings that beat expectations. Biotech heavyweight CSL and winemaker Treasury Wine Estates each declined more than 3.5%, with both companies deriving roughly 40–50% of their revenue from the US.
In contrast, mining stocks advanced, supported by a 4% rally in gold miners on the back of firmer bullion prices. Evolution Mining and Northern Star each gained about 3.5%.
