Wall Street finished the day on a positive note, with major indices closing higher after the United States announced a potential increase in global tariffs. The move was seen as a signal of tighter trade policy, prompting investors to seek safe‑haven assets and boosting equity prices.
Across the Pacific, the Australian Securities Exchange (ASX) prepared for possible market volatility as traders anticipate the impact of the new tariff on Australian exporters and importers. Analysts warn that the decision could ripple through local markets, leading to heightened uncertainty and potential sell‑offs.