The ASX200 closed down 0.94% at 7,859.7 points.

IT lead the local bourse lower, down 2.8%, followed by Energy, down 2.7%, and Materials, down 2%.

Staples went against the trend, up 1.3%, followed by Health Care, up 0.25%, and Telecommunication, up 0.07%.

In the Green

Echo IQ (ASX:EIQ) finished up 1.7% after inking a collaboration agreement with Mayo Clinic Platform, part of the top-ranked Mayo Clinic hospital, to advance the validation study for its heart failure clinical decision support solution, EchoSolv HF.

Echo IQ closed at 30 cents.

Synlait Milk (ASX:SM1) closed up 11.3% on achieving a key milestone in securing its future milk supply, with the majority of cease notices issued to the company now withdrawn. Acting CEO Tim Carter highlighted the positive momentum, noting an increase in cease withdrawals following the company’s half-year results.

Synlait Milk closed at 74 cents.

Newmont (ASX:NEM) hung up the boots up 2.3% as investors snapped up gold miners. The price of the precious metal has neared a record high after U.S. President Trump’s “Liberation Day” tariffs blitz.

Newmont closed at $78.07.

In the Red

Medallion Metals (ASX:MM8) closed down 3.7% on discovery of a new sulphide lode outside the currently modelled mineral resource at the Gem deposit within the Kundip Mining Centre.

Medallion Metals closed at 26 cents.

Cettire (ASX:CTT) finished down 14.4% as investors respond to the recent changes to U.S. tariffs on imports from the European Union.

Cettire closed at 68 cents.

And Altech Batteries (ASX:ATC) closed down 4.9% after confirming the safety and operational robustness of its CERENERGY battery technology through extensive testing of individual cells, conducted by its partner Fraunhofer IKTS.

Altech Batteries closed at 3.9 cents.