The ASX fell 1.8% for the week with most of the damage coming on Friday in the sharpest sell-off since Trump’s ‘Liberation Day’ in April last year. Investor concerns around stretched valuations triggered a 2% drop late on Friday, wiping around $65bn from the share market. While significant, the drop was less than April’s plunge where the market endured a 4.2% drop and nearly $110bn erased from Australian shares.
This time it wasn’t Trump nor was it the RBA’s rate decision earlier in the week, this sell-off was concentrated in the themes that dominated 2025, with AI, crypto and precious metals all sharing in the losses on Friday.
Despite some resilience in the markets this week, Friday’s sell-off marked a clear shift in sentiment, with markets beginning to reprice risk as global uncertainty, inflation and US fiscal concern collectively continue to weigh on investors.
ASX Movers by the Numbers:
The week’s best performers on the ASX 200 include:
GQG Partners, Inc. (ASX:GQG) +7.96%
Commonwealth Bank of Australia (ASX:CBA) +6.39%
Brambles Limited (ASX:BXB)+4.96%
In contrast, the worst performers on the ASX 200:
MAAS Group Holdings Ltd (ASX:MGH) -23.08%
Deep Yellow Limited (ASX:DYL) -22.54%
Iperionx Ltd. (ASX:IPX) -21.36%
