On Friday, the S&P/ASX 200 Index (ASX: XJO) ended the week on a positive note. The benchmark index rose 0.35% to 8,408.9 points.
Will the market be able to build on this on Tuesday? Here are five things to watch:
The Australian share market is expected to fall on Tuesday following a very disappointing start to the week in the United States. According to the latest SPI futures, the ASX 200 is poised to open the day 16 points or 0.2% lower this morning. Though, it is quite likely the index will fall further once it opens. In late trade on Wall Street, the Dow Jones is up 0.5%, but the S&P 500 has dropped 1.7% and the Nasdaq is 3.3% lower.
The Australian share market, and the tech sector in particular, looks set to sink on Tuesday after an artificial intelligence (AI) fuelled selloff on Wall Street. Traders were selling down tech stocks after reports out of China showed that many of its AI leaders, such as DeepSeek, are closing the gap or even keeping up with their US counterparts. Jo Huang, head of private equity at Raffles Family Office, told CNBC: "We believe that China's AI sector is advancing at a pace comparable to that of the United States." Nvidia (NASDAQ: NVDA) shares were down as much as 17% on the news.
Coronado Global Resources Inc (ASX: CRN) shares could be dirt cheap according to analysts at Goldman Sachs. In response to the coal miner's quarterly update, the broker has retained its buy rating with a trimmed price target of $1.05 (from $1.20). Based on its current share price of 67 cents, this implies potential upside of 57% for investors. It said: "Despite the downgrades [to earnings estimates], we continue to rate CRN a Buy on Valuation: trading at ~0.5x NAV (A$1.4/sh) and discounting long run met coal of ~US$190/t (vs. GSe US$225/t real $)."
It could be a difficult session for ASX 200 energy shares Santos Ltd (ASX: STO) and Karoon Energy Ltd (ASX: KAR) on Tuesday after oil prices tumbled overnight. According to Bloomberg, the WTI crude oil price is down 2.1% to US$73.13 a barrel and the Brent crude oil price is down 1.9% to US$77.03 a barrel. This was driven by news that Trump is reversing his threat of sanctions on Columbia.
ASX 200 gold miners including Bellevue Gold Ltd (ASX: BGL) and Regis Resources Limited (ASX: RRL) could have a poor session on Tuesday after the gold price dropped overnight. According to CNBC, the gold futures price is down 1.4% to US$2,740.1 an ounce. A broad market selloff has even impacted this safe haven asset.
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