Latest news with #ATFXAustralia
Sydney Morning Herald
16 hours ago
- Business
- Sydney Morning Herald
Safe haven: ASX outperforms Wall Street amid Trump chaos
The ASX hit record highs last week, for example, and the S&P 500 also fell more sharply during the global sell-off between late February and the April 'Liberation Day' turmoil. 'We've gone to a record high. They haven't,' he said. Nick Twidale, Chief Market Analyst at ATFX Australia, said it had become clear Trump's tariffs were most damaging to the US economy and 'that's why we're seeing some other economies outstripping the US at the moment'. 'Having said that, we all know, especially from an Australian perspective, that a poor US economy is going to drag on us, as is a poor Chinese ... so how long that pattern stays for is up for question.' Ten Cap founder and portfolio manager Jun Bei Liu said some big investors, like pension funds, were investing in the Australian market due to uncertainty in the US. 'A lot of global investors always hold US sharemarket as a big portion of their share portfolios ... sometimes 60, 70 per cent of their portfolios,' said Liu. 'Now with the tariffs, it really has structurally changed how those investors think about their investment portfolio, those large pension funds and the like. There is just way too much risk for them.' 'We are already seeing money going into Europe and Australia has been a huge beneficiary as well.' Opal Capital chief investment officer Omkar Joshi said the differences in composition between the Australian sharemarket and Wall Street an important factor. The technology sector comprises about 30 per cent of Wall Street, whereas the local bourse is dominated by banks and miners, who make up 50 per cent of the ASX 200 by value. Loading And Since China unveiled its DeepSeek technology late last year the AI trade – which has been significant to Wall Street – has begun to 'unwind' Joshi said. It's sent investors towards the safety of the ASX, particularly the banks. 'They're [blue-chip financial stocks] well insulated … from the tariff perspective,' said Joshi. 'When you're looking at it from an institutional [investor] perspective … the Australians banks start to look interesting … if there is earning certainty people are willing to pay up for it.'
The Age
16 hours ago
- Business
- The Age
Safe haven: ASX outperforms Wall Street amid Trump chaos
The ASX hit record highs last week, for example, and the S&P 500 also fell more sharply during the global sell-off between late February and the April 'Liberation Day' turmoil. 'We've gone to a record high. They haven't,' he said. Nick Twidale, Chief Market Analyst at ATFX Australia, said it had become clear Trump's tariffs were most damaging to the US economy and 'that's why we're seeing some other economies outstripping the US at the moment'. 'Having said that, we all know, especially from an Australian perspective, that a poor US economy is going to drag on us, as is a poor Chinese ... so how long that pattern stays for is up for question.' Ten Cap founder and portfolio manager Jun Bei Liu said some big investors, like pension funds, were investing in the Australian market due to uncertainty in the US. 'A lot of global investors always hold US sharemarket as a big portion of their share portfolios ... sometimes 60, 70 per cent of their portfolios,' said Liu. 'Now with the tariffs, it really has structurally changed how those investors think about their investment portfolio, those large pension funds and the like. There is just way too much risk for them.' 'We are already seeing money going into Europe and Australia has been a huge beneficiary as well.' Opal Capital chief investment officer Omkar Joshi said the differences in composition between the Australian sharemarket and Wall Street an important factor. The technology sector comprises about 30 per cent of Wall Street, whereas the local bourse is dominated by banks and miners, who make up 50 per cent of the ASX 200 by value. Loading And Since China unveiled its DeepSeek technology late last year the AI trade – which has been significant to Wall Street – has begun to 'unwind' Joshi said. It's sent investors towards the safety of the ASX, particularly the banks. 'They're [blue-chip financial stocks] well insulated … from the tariff perspective,' said Joshi. 'When you're looking at it from an institutional [investor] perspective … the Australians banks start to look interesting … if there is earning certainty people are willing to pay up for it.'
