Australian markets rebounded on Tuesday after suffering a sharp fall on Monday, mirroring broader optimism across Asia following overnight tariff-fueled chaos in global equities. The S&P/ASX 200 climbed 1.1% to 7,421 points, while the All Ordinaries closed 1.3% higher at 7,621.60. Gains were seen across most indices, with the S&P/ASX All Technology Index surging 3.2% and the S&P/ASX 200 Consumer Discretionary sector jumping 2.7%. The only laggard was the A-REIT index, which dipped 0.3%.
The rally comes amid hopes of easing tensions after a volatile Monday session driven by U.S. President Donald Trump’s renewed tariff threats on China. Japan’s Nikkei 225 also jumped over 3%, and U.S. stock futures pointed higher after extreme intraday swings on Wall Street.
Key global market snapshots:
- S&P 500: -0.2% to 5,062
- Nasdaq: +0.2% to 17,430
- FTSE 100: -4.4% to 7,702
- EuroStoxx: -4.5% to 474
- Brent Crude: +0.7% to $64.67/barrel
- Spot Gold: +0.1% to $2,985/ounce
- Iron Ore: -2.5% to $98.15/tonne
- Bitcoin: +0.7% to $79,472
Meanwhile, the Australian dollar strengthened 0.4% to 60.10 U.S. cents.
Market watchers are now closely monitoring further developments from Washington and Beijing as tariff tensions remain front and center in investor sentiment.
