ASX 200 Stock Price Eyes Recovery Amid Tariff Turbulence

3 min read | July 09, 2025 05:27 PM PDT | By Team Kalkine Media

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ASX 200 Stock Price Eyes Recovery Amid Tariff Turbulence — Image source: shutterstock

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Highlights

ASX 200 poised for rebound after previous day’s dip

Lithium sector gains momentum amid regulatory developments

Copper and uranium-related stocks pressured by global tariff concerns

The Australian share market is gearing up for a potential rebound following a broad-based retreat in the previous session, with ASX 200 stock price pointing toward a firmer start. ASX 200 Share Price futures indicated a positive open, as market participants reassess tariff-driven jitters and macroeconomic cues.

On Wednesday, the ASX 200 slipped to its lowest level since late June, with notable weakness in sectors such as Real Estate, Materials, and Consumer Staples. The dip followed a delayed response to the Reserve Bank of Australia's interest rate hold and renewed global trade tensions, particularly following comments from former US President Donald Trump regarding new tariff proposals.

Copper-exposed companies bore the brunt of the downturn. Local miners like Sandfire Resources Ltd (ASX:SFR), Capstone Copper Ltd (ASX:CSC), and diversified giant BHP Group Ltd (ASX:BHP) faced pressure amid the suggestion of a 50% tariff on copper imports. In parallel, uranium stocks showed signs of weakness as global uranium futures softened, impacting companies including Bannerman Energy Ltd (ASX:BMN), Paladin Energy Ltd (ASX:PDN), and Boss Energy Ltd (ASX:BOE).

Amid the challenges, lithium-focused stocks saw renewed enthusiasm. The reversal of proposed chemical restrictions by the US Environmental Protection Agency provided a boost, with Vulcan Energy Resources Ltd (ASX:VUL), Liontown Resources Ltd (ASX:LTR), and IGO Ltd (ASX:IGO) all experiencing upward momentum.

Meanwhile, global markets offered a mixed yet resilient backdrop. US indices closed in positive territory despite escalating tariff concerns and political volatility. Technology names such as Nvidia (NASDAQ:NVDA) and Broadcom (NASDAQ:AVGO) contributed to the gains, supported by insights from the latest Federal Reserve meeting minutes, which hinted at potential rate cuts later in the year.

In Europe, optimism prevailed with financials leading gains, while base metals reflected the broader uncertainty—copper declined, whereas aluminium and gold posted modest gains. Oil prices inched higher on the back of increasing gasoline demand in the US, further stabilizing sentiment.

Currency markets remained volatile with the Australian dollar nudging higher. The combination of resilient global equity performance, evolving tariff narratives, and rate expectations continues to shape investor sentiment heading into the new trading day.

As the ASX 200 steadies itself, sectors like lithium remain in focus for their responsiveness to policy developments, while commodities-related names face an evolving landscape shaped by geopolitics and macroeconomic shifts.

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