The Australian sharemarket pared a modest advance on Wednesday as investors shrugged off the White House’s receptiveness to a trade deal with China amid persistent fears about the global economic outlook.
The S&P/ASX 200 Index finished down 2.8 points – a less than 0.1 per cent fall – to 7758.9 points after slipping into the red in late trading. The All Ordinaries slipped 0.1 per cent as five of the 11 sectors finished in the green.
The White House said US President Donald Trump was open to making a trade deal with China – albeit signalling that it expected Beijing to initiate discussions.
The possibility of a trade deal between the world’s two largest economies did little to settle investor jitters on Wall Street even as results from several US banks, including Citigroup, showed an equity-trading boom and relative consumer confidence.
Source: https://www.afr.com/markets/equity-markets/asx-to-edge-slightly-down-us-open-to-trade-deal-with-china-20250416-p5ls2b