ASX turns down after Trump’s tariff move

The Australian sharemarket opened the week mixed as gold miners gained from the White House's new 15 per cent universal tariff.
The S&P/ASX 200 Index initially rose before falling 8.3 points, or 0.1 per cent, to 9073.10 at 10.32am AEDT , with most sectors down.
US President Donald Trump said over the weekend that he would impose the maximum allowable temporary tariff on imports from all countries after the Supreme Court struck down his previous tariff program. Investors also weighed the impact of higher metals prices against a firmer Australian dollar.
Materials led gains as gold rallied to around $US5136 an ounce amid stronger demand for haven assets, while the Australian dollar extended its fifth consecutive weekly rise to just below US71c. Newmont rose 2.3 per cent, Evolution Mining 1.5 per cent, and Ramelius Resources by 3.2 per cent.
Plumbing parts group Reece rallied 10.4 per cent, uplifting the industrials sector as its first-half EBIT of $262 million beat consensus by around 5 per cent, driven by better-than-expected cost management in Australia. Transurban added 1 per cent, while Qantas fell 0.5 per cent ahead of its results on Thursday.
Stocks in focus
Regis Healthcare jumped 6.7 per cent as revenue from services increased 18 per cent to $667.7 million, supported by higher AN-ACC pricing, the hotelling supplement, improved occupancy and contributions from recent acquisitions.
Lendlease firmed 1.5 per cent as it swung to a net loss of $318 million in the half-year to December from a profit of $48 million a year earlier, as investment property devaluations and the developments business earnings more than offset an improvement in construction.
Nuix rocketed 19.5 per cent as it swung to a net profit of $11.1 million for the half ended December 31, compared to a loss of $10.4 million a year earlier.
Kogan.com added 9.4 per cent as it increased its interim dividend by 14.3 per cent to 8 after stronger margins in its core online retail business offset weakness at Mighty Ape. Its profit, however, fell 20 per cent to $8.2 million.
NIB firmed 2.3 per cent as the health insurer expected group full-year underlying operating profit in the range of $257 million to $267 million, compared to $239.2 million a year ago.
Ampol fell 2.3 per cent on a 33 per cent drop in net profit for the full year, but earnings were higher before considering the value of oil prices on stockpiles.
Austal dropped 6.2 per cent as it lifted its first half profit by 21.4 per cent to $30.5 million and its order book hit a record $17.7 billion.
Fisher & Paykel Healthcare rallied 3.9 per cent as it has upgraded earnings and revenue guidance for the year to March and said it did not expect any material impact from Trump's tariffs.
Adairs leapt 4.1 per cent following a 5.9 per cent rise in sales to $328 million in the first half, but net profit sank deep double-digits, weighed down by technology upgrades and other costs.

Sumber : AFR