ASX Midday Sector Update: Materials Stocks Lead All-Sector Slump

MT Newswires Live

Feb 03, 2025

All sectors of the Australian bourse were trading in the red at midday on Monday, with the Materials sector showing the biggest decline, slumping 2%.

The Australian bourse fell to a four-month low at opening after US President Donald Trump imposed 25% tariffs on imports from Mexico and Canada, and 10% duties on goods from China. Canada and Mexico ordered retaliatory tariffs in response, The Sydney Morning Herald reported.

Westgold Resources (ASX:WGX) reduced its fiscal 2025 gold production guidance as the ramp-ups of the Beta Hunt and Bluebird-South Junction mines in Western Australia were slower than planned due to engineering issues. Its shares fell more than 12% in recent trade.

The S&P/ASX 200 Index fell 1.7% or 152.5 points to 8,379.8.

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Canada and Mexico ordered retaliatory tariffs in response, The Sydney Morning Herald reported.</p><p>Westgold Resources (ASX:WGX) reduced its fiscal 2025 gold production guidance as the ramp-ups of the Beta Hunt and Bluebird-South Junction mines in Western Australia were slower than planned due to engineering issues. Its shares fell more than 12% in recent trade.</p><p>The S&amp;P/ASX 200 Index fell 1.7% or 152.5 points to 8,379.8.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XJO.AU","symbol_name":"标普/澳交所 200指数","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2508166921","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508166921","pubTimestamp":1738550293,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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