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Market Update: ASX down -120pts /-1.5% following Trump Tariffs

We’ve now reacted to Trumps Tariff roll out, with markets selling off, though it’s not too bad at this stage, and there is some buying of weakness around. As a refresher, Trump announced a 10% base tariff on all imports entering the U.S, with significantly steeper duties imposed on several key trading partners. The blanket tariffs are scheduled to come into effect on 5th April (this Saturday).
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XRO
MM are selling XRO in the Active Growth Portfolio, taking a profit around $191.00
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SFR
MM are trimming SFR in the Active Growth Portfolio, targeting a 3% weighting around $11.80
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BHP
MM are adding to BHP in the Active Growth Portfolio, targeting an 8.5% weighting around $37.00
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TLS
MM are selling TLS in the Active Income Portfolio, taking a profit around $4.88
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DN1
MM are buying DN1 in the Active Income Portfolio, allocating 5% around $101.40
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SRG
MM are selling SRG in the Emerging Companies Portfolio, taking a profit around $1.53
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CRN
MM are selling CRN in the Emerging Companies Portfolio, taking a loss around 14.5c
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Latest Reports

Alerts

Market Update: ASX down -120pts /-1.5% following Trump Tariffs

We’ve now reacted to Trumps Tariff roll out, with markets selling off, though it’s not too bad at this stage, and there is some buying of weakness around. As a refresher, Trump announced a 10% base tariff on all imports entering the U.S, with significantly steeper duties imposed on several key trading partners. The blanket tariffs are scheduled to come into effect on 5th April (this Saturday).

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