The Australian sharemarket has staged a remarkable recovery since US President Donald Trump unveiled his sweeping tariffs last month as global investors are increasingly drawn to the ASX’s perceived safe haven status.
The S&P/ASX 200 Index plunged into a correction in the days following Trump’s so-called “liberation day” on April 2, marking a 10 per cent drop from its recent peak. But the benchmark gauge has rebounded 11.4 per cent from its low on April 7.
Source: https://www.afr.com/markets/equity-markets/the-asx-stocks-that-have-ripped-during-trump-s-trade-war-20250507-p5lx6n