Truck Loans Australia :: News
SHARE

Share this news item!

Market Tumult as Trade Tensions Escalate: ASX Closes Lower

Market Tumult as Trade Tensions Escalate: ASX Closes Lower

Market Tumult as Trade Tensions Escalate: ASX Closes Lower?w=400
The Australian stock market experienced volatility on Tuesday, closing at a lower point after news broke that trade negotiations between the United States and China had failed, leading both countries to impose new tariffs.

The benchmark ASX200 index shed 5.4 points, ending the session at 8,374 points. In contrast, the All Ordinaries Index managed a minor gain, closing at 8,633.40 points. Despite a positive trend during most of the day, the market turned sour as trading closed in reaction to the deteriorating trade relations between the two economic giants.

In a tense development, China responded to U.S. tariff measures by enforcing its own, with some tariffs reaching as high as 15% on select American imports. This move came after U.S. President Donald Trump announced tariffs that include a 10% levy on Chinese goods. Notably, China targets American coal, LNG with a 15% tariff, while crude oil, farm equipment, and certain autos face a 10% tariff, effective from February 10.

Market analysis drew attention to the ASX's initial resilience. Analyst Tony Sycamore noted, "The ASX200 had managed to stay steady earlier after an agreement by US President Trump to delay tariffs on Mexico and Canada." The reprieve was attributed to both North American nations' commitments to stricter border security measures, leading to a temporary tariff freeze.

CommSec's Laura Besarati commented on the day's trading atmosphere, highlighting investors' anxiety over the potential onset of a trade war. “While today was better compared to a significant 1.8% plunge seen recently, investors remain on edge,” Besarati explained. “Breaking news just before close spurred a sell-off, with the market declining by the day’s end.”

The market sell-offs were widespread, with most sectors reeling under pressure. The energy sector, for instance, felt the brunt of lower oil prices, compounded by the US tariff delay on its major foreign oil suppliers. Leading the decline in stocks were Audinate Group and Lynas Rare Earths, falling 4.51% and 3.81% respectively.

Despite the overall downtrend, there were some bright spots. The healthcare sector, notably, witnessed impressive performances; Pro Medicus soared to a record high, climbing 5.18% following a substantial seven-year, $53 million contract win. Additionally, Nufarm rose 3.37%, and Appen made a significant leap of 9.77%.

In currency markets, the Australian dollar also faced pressures, dropping 0.67% to 61.84 US cents by the close of trade.

This coverage is based on reports originally published by NewsWire and others. The evolving dynamics of the global trade situation continue to have profound effects on financial markets around the world.

Published:Wednesday, 5th Feb 2025
Source: Paige Estritori

Share this news item:

Finance News

Increasing Number of Qualified Financial Advisers Opt Out of Practice Increasing Number of Qualified Financial Advisers Opt Out of Practice
11 Jul 2025: Paige Estritori

Recent analysis from WealthData indicates a growing trend among financial advisers in Australia, where a significant portion of those who have successfully passed the financial adviser exam are opting not to practice. As of now, 5,096 individuals, representing 33.31% of active advisers, have chosen not to proceed into practice after passing the exam—up from 28.36% a year prior. - read more
Melbourne's Housing Market: A Prime Opportunity For Buyers Melbourne's Housing Market: A Prime Opportunity For Buyers
11 Jul 2025: Paige Estritori

The Reserve Bank of Australia (RBA) recently surprised many by maintaining the interest rate at 3.85%, against expectations of a cut. This decision is seen as a measure to continue moderating inflation, but it simultaneously delays potential spikes in the housing market, providing a favorable window for prospective homebuyers. In particular, Melbourne's current market presents significant value, offering a promising opportunity for those looking to enter the property market. - read more
Improving EOFY Planning: The Call for ATO Portal Access for Advisers Improving EOFY Planning: The Call for ATO Portal Access for Advisers
09 Jul 2025: Paige Estritori

In a recent discussion, James O'Reilly, Director and Financial Planner at Northeast Wealth, underscored the benefits that could come from granting financial advisers access to the Australian Taxation Office (ATO) portal. Speaking on The ifa Show, O'Reilly proposed that this access would significantly simplify the services financial advisers provide to clients, particularly at tax time and the end of the financial year (EOFY). - read more
RBA Holds Rates Steady, Shocking Markets and Shifting Economic Expectations RBA Holds Rates Steady, Shocking Markets and Shifting Economic Expectations
09 Jul 2025: Paige Estritori

The Reserve Bank of Australia (RBA) has decided to keep the official cash rate steady at 3.85%, taking many by surprise after expectations of a 25-basis-point cut had built up in financial circles. This unexpected move comes amid recent data indicating easing inflation and weaker than anticipated economic growth, conflicting with prior predictions of a cut. - read more
RBA to Continue Interest Rate Cuts Amid High Unemployment RBA to Continue Interest Rate Cuts Amid High Unemployment
08 Jul 2025: Paige Estritori

The Reserve Bank of Australia (RBA) is anticipated to maintain its trajectory of incremental interest rate reductions, according to insights from leading financial analysts at ANZ. Recent data from the ANZ-Indeed Australian Job Ads series revealed a rise from 114.8 in May to 116.9 in June, suggesting a potential rebound in job advertisements after previous declines. Despite a stable unemployment rate and hours-based underutilisation rate since mid-2024, the Australian labour market remains strained. - read more


Truck Loans Articles

Essential Document Checklist for Truck Loan Approval: What You Need to Know Essential Document Checklist for Truck Loan Approval: What You Need to Know
Getting the right truck loan can be essential for business owners who rely on commercial vehicles. These loans cover a variety of commercial vehicle types and are crucial for ensuring your business operations run smoothly. Truck loans, specifically, provide the necessary finances to purchase trucks, which are indispensable in industries like logistics and delivery services across Australia. - read more
The Ins and Outs of Commercial Truck Loans: A Buyer's Guide in Australia The Ins and Outs of Commercial Truck Loans: A Buyer's Guide in Australia
Commercial trucks serve as the lifeblood of the Australian economy, providing vital links between industries and markets across the vast landscapes. The importance of these heavy-duty vehicles cannot be overstated, as they are pivotal in ensuring the smooth operation of both urban and rural businesses alike. Engaging in the commercial truck market is a significant investment, and understanding the ins and outs of financing such a purchase is crucial for business success. - read more
How to Get a Truck Loan with Less-Than-Perfect Credit How to Get a Truck Loan with Less-Than-Perfect Credit
Securing finance for any significant purchase can be a challenge, especially when it comes to acquiring a truck for business purposes. Coupled with a less-than-perfect credit score, this task can seem daunting for many Australians. The ripple effects of financial constraints can impede business operations, affecting the lifeline of commercial ventures that rely on transportation. - read more
Maximizing Your Investment: Strategies for Enhancing Truck Resale Value in Australia Maximizing Your Investment: Strategies for Enhancing Truck Resale Value in Australia
The commercial vehicle market in Australia is a cornerstone of the transportation and logistics industries, with trucks playing an indispensable role. Whether for long-haul deliveries across the vast distances of the continent or for urban distribution, trucks are critical assets for businesses and entrepreneurs alike. This significance makes it essential for commercial vehicle buyers to understand the dynamics of truck resale values in Australia. - read more
How to maintain your truck to extend its lifespan in Australian conditions How to maintain your truck to extend its lifespan in Australian conditions
Maintaining your truck is essential if you want to prolong its lifespan and save money down the road. Australian conditions can put a lot of strain on your vehicle, and neglecting its maintenance can lead to costly breakdowns and repairs. - read more
The Pros and Cons of Leasing vs. Buying a Truck for Your Business The Pros and Cons of Leasing vs. Buying a Truck for Your Business
Small businesses that require regular transportation of goods may find it essential to purchase a truck. However, this acquisition can become a significant investment that requires careful consideration before making a decision. The two options available are buying or leasing a truck. In this article, we will explore the pros and cons of each option to help you make an informed choice. - read more
Maximizing Your Investment: Strategies for Enhancing Truck Resale Value in Australia Maximizing Your Investment: Strategies for Enhancing Truck Resale Value in Australia
The commercial vehicle market in Australia is a cornerstone of the transportation and logistics industries, with trucks playing an indispensable role. Whether for long-haul deliveries across the vast distances of the continent or for urban distribution, trucks are critical assets for businesses and entrepreneurs alike. This significance makes it essential for commercial vehicle buyers to understand the dynamics of truck resale values in Australia. - read more
Maximizing Your Fleet Potential: How Truck Financing Shapes Success Maximizing Your Fleet Potential: How Truck Financing Shapes Success
Trucks play a pivotal role in the Australian logistics and transport industry, serving as the lifeblood that keeps commerce flowing. The dependable rumble of engines crisscrossing the nation's highways is more than just a symbol of industry; it's a critical component of productivity and economic stability. Without these workhorses facilitating the timely movement of goods, the Australian market would face significant challenges meeting the demands of both businesses and consumers alike. - read more
5 Tips on Securing Low-Interest Rates for Your Vehicle Purchase 5 Tips on Securing Low-Interest Rates for Your Vehicle Purchase
Embarking on the journey of acquiring a commercial vehicle is a significant decision for any business. Securing a loan with a low-interest rate is not just a matter of luck; it involves meticulous planning and a thorough understanding of the lending landscape. This opening section sets the scene for our deep dive into navigating the commercial vehicle loan process with an eye toward minimizing costs and maximizing value. - read more
Understanding Credit Scores and Their Impact on Your Commercial Vehicle Loan Terms Understanding Credit Scores and Their Impact on Your Commercial Vehicle Loan Terms
Finding the right financing for a commercial vehicle in Australia can be a critical step for businesses and individuals alike. Whether it's for a single van or an entire fleet of trucks, understanding the intricacies of commercial vehicle loans is key to securing a deal that aligns with your financial goals. One factor that stands out in determining your loan terms is the credit score—a numerical representation of your creditworthiness. - read more


Start Here

Get a free truck loan eligibility assessment and compare truck finance and leasing options without accessing your credit file!!
Loan Amount:
Postcode:

Quotes are offered free & without obligation. We respect your privacy.

Knowledgebase
Volatility:
A statistical measure of the dispersion of returns for a given security or market index. Higher volatility indicates higher risk.