The Australian sharemarket closed lower on Thursday, snapping a five-session winning streak, as Trump's fresh automotive tariffs dampened investor sentiment.
The S&P/ASX 200 index fell 30.00 points, or 0.4%, to 7,969.0, with seven of the 11 sectors finishing in the red.
Property stocks were among the hardest hit. Goodman Group fell 4%, Charter Hall Group declined 1.5%, Mirvac lost 0.9%, and Stockland shed 1%.
The technology sector also struggled, with Xero down 0.3%, Appen shedding 4.8%, Wisetech Global falling 2%, and Technology One down 1.6%.
The automotive sector faced selling pressure amid concerns over new U.S. tariffs. Bapcor dropped 2.5%, ARB Corporation declined 2%, and Eagers Automotive slid 2.7%.
Among individual companies, The Reject Shop surged 109.5% - the biggest gainer on the All Ordinaries - after Canadian discount retailer Dollarama made a $259 million bid for the company, offering a 112% premium to its last closing price.
Healius jumped 10.7% following the company’s announcement of a fully franked special dividend of $4.13 per share, which will be paid after the sale of its subsidiary Lumus Imaging.
Meanwhile, Real estate platform Domain Holdings tumbled 4.9% after U.S.-based CoStar Group raised its takeover bid to $4.43 per share, stating it was a “best and final offer”.
Nine Entertainment, which owns a 60% stake in Domain, also slipped 1.6%.
On the bond markets, the 10-year and 2-year rates ticked up 0.5% apiece to 4.51% and 3.787%, respectively.
