Perth, Australia – February 28, 2025 – Parker Blackwood Advisers provides insights into the recent downturn of the Australian Securities Exchange (ASX), following the U.S. administration’s announcement of new tariffs on imports from Mexico and Canada. On February 25, 2025, the ASX200 index closed down 56.30 points, a 0.68% decrease, settling at 8251.90 points. The broader All Ordinaries index also declined by 62.10 points, or 0.73%, ending at 8498.00 points.
Leigh Jamieson, CEO of Parker Blackwood Advisers, commented on the market’s reaction:
“The introduction of tariffs by President Trump has injected a degree of uncertainty into the global markets. While the ASX has shown resilience in the past, these developments have understandably led to increased nervousness among investors.”
The announcement specified that tariffs on Mexican and Canadian imports are scheduled to take effect in March. This policy shift has prompted a cautious approach among market participants, as the potential implications for international trade relations and economic stability are assessed.
Despite the overall decline, certain sectors demonstrated resilience. The defensive utilities sector outperformed for the second consecutive day, indicating a strategic shift by investors towards more stable assets amidst the prevailing uncertainty.
Jamieson further noted:
“In times of market volatility, it’s crucial for investors to maintain a diversified portfolio. While some sectors may face headwinds due to geopolitical developments, others may offer opportunities for stability and growth.”
Parker Blackwood Advisers continues to monitor the situation closely, providing clients with informed guidance to navigate the evolving market landscape.
For further information or personalized investment advice, please contact Parker Blackwood Advisers at [email protected] or visit www.pb-investment.com.
