Australia Market ends flat on Trump Trade Jabs

Australian share market finished virtually flat after a choppy session on Friday, 06 April 2018, with investors holding positions amid fear of escalating trade tensions between China and US after China's response to US President Donald Trump's newly proposed tariff plan. Mr Trump instructed trade officials on Thursday to consider a US$100 billion of tariffs on Chinese goods after China said it would subject US$50 billion of US goods to increased tariffs. The escalation followed Mr Trump's initial proposal for a 25% tariff on many imports from China. At the close, the S&P/ASX 200 index was down just 0.1 points to 5788.7 and flat in percentage terms, while the broader All Ordinaries index was down 1.1 points at 5,886.9 points. The S&P/ASX 200 index logged a weekly gain of 0.5%, ending a three-week run of losses. Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 607 to 600 and 376 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 2.08% to 14.895.

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