ASX Market Update: Index falls sharply on tariff fears | February 3, 2025

The Market Herald

02-03

The ASX200 has been down 1.66% at 8,390 points.

The Aussie bourse kicked off the week down on fears new U.S. tariffs on China, Canada, and Mexico will launch a global trade war.

All sectors are in the red and the Materials sector has been leading the market lower, down 2%, followed by Discretionary, down 1.8%, and Health Care, down 1.7%.

The Aussie dollar has fallen to 61.2 cents.

Company News

OzAurum Resources (ASX:OZM) has been up 150% after an update on a gold discovery in the Mulgabbie North Gold Project in Western Australia.

OzAurum Resources has been 9 cents.

Lucapa Diamond Company (ASX:LOM) has been down 11% after mining at the Lulo Alluvial Diamond Mine in Angola was disrupted by a blockade of entrances by community leaders.

Lucapa Diamond Company has been 1.6 cents.

Astral Resources (ASX:AAR) and Maximus Resources (ASX:MXR) are set to merge and will become a leading Western Australian gold developer with combined Mineral Resources of around 1.8Moz.

Astral Resources has been down 5% at 14.3 cents, while Maximus Resources has been down 1.5% at 6.4 cents.

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10:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2508116991","market":"us","top_or_hot":-1,"title":"ASX Market Update: Index falls sharply on tariff fears | February 3, 2025","media":"The Market Herald","content":"<html><body><div>\n<p>The ASX200 has been down 1.66% at 8,390 points.</p>\n<p>The Aussie bourse kicked off the week down on fears new U.S. tariffs on China, Canada, and Mexico will launch a global trade war.</p>\n<p>All sectors are in the red and the Materials sector has been leading the market lower, down 2%, followed by Discretionary, down 1.8%, and Health Care, down 1.7%.</p>\n<p>The Aussie dollar has fallen to 61.2 cents.</p>\n<p>Company News</p>\n<p>OzAurum Resources (ASX:OZM) has been up 150% after an update on a gold discovery in the Mulgabbie North Gold Project in Western Australia.</p>\n<p>OzAurum Resources has been 9 cents.</p>\n<p>Lucapa Diamond Company (ASX:LOM) has been down 11% after mining at the Lulo Alluvial Diamond Mine in Angola was disrupted by a blockade of entrances by community leaders.</p>\n<p>Lucapa Diamond Company has been 1.6 cents.</p>\n<p>Astral Resources (ASX:AAR) and Maximus Resources (ASX:MXR) are set to merge and will become a leading Western Australian gold developer with combined Mineral Resources of around 1.8Moz.</p>\n<p>Astral Resources has been down 5% at 14.3 cents, while Maximus Resources has been down 1.5% at 6.4 cents.</p>\n</div></body></html>","source":"markerherald_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ASX Market Update: Index falls sharply on tariff fears | February 3, 2025</title>\n<style 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#7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX Market Update: Index falls sharply on tariff fears | February 3, 2025\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Market Herald</strong><span class=\"h-time small\">2025-02-03 10:36</span>\n</p>\n</h4>\n</header>\n<article>\n<html><body><div>\n<p>The ASX200 has been down 1.66% at 8,390 points.</p>\n<p>The Aussie bourse kicked off the week down on fears new U.S. tariffs on China, Canada, and Mexico will launch a global trade war.</p>\n<p>All sectors are in the red and the Materials sector has been leading the market lower, down 2%, followed by Discretionary, down 1.8%, and Health Care, down 1.7%.</p>\n<p>The Aussie dollar has fallen to 61.2 cents.</p>\n<p>Company News</p>\n<p>OzAurum Resources (ASX:OZM) has been up 150% after an update on a gold discovery in the Mulgabbie North Gold Project in Western Australia.</p>\n<p>OzAurum Resources has been 9 cents.</p>\n<p>Lucapa Diamond Company (ASX:LOM) has been down 11% after mining at the Lulo Alluvial Diamond Mine in Angola was disrupted by a blockade of entrances by community leaders.</p>\n<p>Lucapa Diamond Company has been 1.6 cents.</p>\n<p>Astral Resources (ASX:AAR) and Maximus Resources (ASX:MXR) are set to merge and will become a leading Western Australian gold developer with combined Mineral Resources of around 1.8Moz.</p>\n<p>Astral Resources has been down 5% at 14.3 cents, while Maximus Resources has been down 1.5% at 6.4 cents.</p>\n</div></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://themarketonline.com.au/asx-market-update-index-falls-sharply-on-tariff-fears-february-3-2025-2025-02-03/\">The Market Herald</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://themarketonline.com.au/asx-market-update-index-falls-sharply-on-tariff-fears-february-3-2025-2025-02-03/","article_id":"2508116991","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508116991","pubTimestamp":1738550160,"columns":[],"sourceInfo":{"source_id":"markerherald_stock","name":"The Market Herald"},"weMediaInfo":null,"summary":"The ASX200 has been down 1.66% at 8,390 points.The Aussie bourse kicked off the week down on fears new U.S. tariffs on China, Canada, and Mexico will launch a global trade war.All sectors are in the red and the Materials sector has been leading the market lower, down 2%, followed by Discretionary, down 1.8%, and Health Care, down 1.7%.The Aussie dollar has fallen to 61.2 cents.OzAurum Resources  has been up 150% after an update on a gold discovery in the Mulgabbie North Gold Project in Western Australia.Lucapa Diamond Company  has been down 11% after mining at the Lulo Alluvial Diamond Mine in Angola was disrupted by a blockade of entrances by community leaders.Astral Resources  and Maximus Resources  are set to merge and will become a leading Western Australian gold developer with combined Mineral Resources of around 1.8Moz.Astral Resources has been down 5% at 14.3 cents, while Maximus Resources has been down 1.5% at 6.4 cents.","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"澳大利亚证券交易所市场更新：关税担忧导致指数大幅下跌2025年2月3日","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAR.AU":1,"LOM.AU":1,"MXR.AU":1,"OZM.AU":1,"XAO.AU":0.65,"XJO.AU":0.65,"XKO.AU":0.65},"content_text":"The ASX200 has been down 1.66% at 8,390 points.\nThe Aussie bourse kicked off the week down on fears new U.S. tariffs on China, Canada, and Mexico will launch a global trade war.\nAll sectors are in the red and the Materials sector has been leading the market lower, down 2%, followed by Discretionary, down 1.8%, and Health Care, down 1.7%.\nThe Aussie dollar has fallen to 61.2 cents.\nCompany News\nOzAurum Resources (ASX:OZM) has been up 150% after an update on a gold discovery in the Mulgabbie North Gold Project in Western Australia.\nOzAurum Resources has been 9 cents.\nLucapa Diamond Company (ASX:LOM) has been down 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