Market Close 04 Mar 25: Trump tariffs weigh on Aussie market

The Aussie market had a rough session, sliding 0.6% after a promising start to March, with global markets also feeling the pinch. Trump's tariffs on Canada, Mexico, and China kicked in, fuelling trade war concerns and adding uncertainty to Australia's market. Oil prices dropped to a 12-week low, meanwhile insurance stocks reacted to an impending cyclone, and gold prices rose as investors sought safety amidst market volatility.

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