Market Update July 9th | Sydney Financial

Market Update July 9th

The Australian share market has hit a fresh decade-high as Asian markets collectively shrugged their shoulders in response to the start of US President Donald Trump’s tariffs on $US34 billion worth of Chinese imports.

The benchmark S&P/ASX200 closed up 56.8 points, or 0.91 per cent, at 6,272.3 points on Friday, the highest level since December 2007, while the broader All Ordinaries index gained 52.8 points, or 0.84 per cent, at 6,355.7 points.

Some two-and-a-half hours after Trump’s tariffs began, there was a level of calm on Asian markets, with Hong Kong’s Hang Seng up 1.1 per cent and Shanghai Composite index one per cent stronger.

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