The ASX200 closed down 1.3% at 7,786 points.
It was a bloodbath as the index continued its downward trajectory in the wake of US tariffs on Aussie steel and aluminium.
Discretionary was the biggest loser, down 2%, followed by Industrials, down 1.9%, and Financials, down 1.6%.
Tasmea (ASX:TEA) closed up 6.6% after its investor presentation. The company upgraded its NPAT guidance for FY25 to $52 million, a 70% increase on the prior year. Investors reacted favourably.
Tasmea closed at $2.57.
Andean Silver (ASX:ASL) closed up 7.6% after unveiling a new 2km-long mineral target at its Cerro Bayo Project in Southern Chile. Recent geophysical surveys indicate extensive mineralised structures consistent with known silver systems.
Andean Silver closed at 99 cents.
Nickel Industries (ASX:NIC) closed up 8.2% as bargain hunters swooped in after a major selloff on Tuesday. Investors were selling the nickel producer’s shares amid reports that the Indonesian government was planning to increase mining royalties. This may have been an overreaction.
Nickel Industries closed at 65.5 cents.
State Gas (ASX:GAS) closed down 8.3% after kicking off a fully funded exploration program at the Rolleston West Project (ATP 2062), aiming to secure a maiden 2P reserve of 30-50 petajoules.
State Gas closed at 3.3 cents.
Austal (ASX:ASB) closed down 22% after completing a $200 million institutional placement to support the expansion of its US shipbuilding capabilities. The placement, priced at $3.80 per share, received strong backing from existing shareholders and new investors.
Austal closed at $3.51.
OD6 Metals (ASX:OD6) closed down 15.1% after temporarily halting exploration activities at its Gulf Creek Copper Project in northern New South Wales. The move was in response to a directive from the New South Wales resources regulator.
OD6 Metals closed at 2.8 cents.
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