Market Close 05 Mar 25: ASX falls into negative territory for the year

The Aussie market continued its downward trend, with the ASX 200 dropping 0.8%, hitting its lowest level since late December. This decline comes as the Trump administration imposed steep tariffs on Canada, Mexico, and China, prompting retaliatory measures. While most sectors struggled, tech, utilities, and property trusts showed slight gains, and gold stocks provided a bright spot as investors sought safe havens. Tomorrow is set to be a critical day for ex-dividend trading, with major stocks like BHP, Rio Tinto, South32, and Woodside in focus.   The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.