Market Brief: January 20, 2026
Summary
Global markets experienced volatility driven by renewed US tariff threats, impacting the ASX and boosting safe-haven assets. China met its 2025 GDP growth target, but underlying economic data revealed persistent domestic weaknesses. Key themes included a sell-off in tech and bank stocks, record highs for gold and silver, and significant moves in specific equities like A2 Milk.
Key Points
- ASX Performance: The ASX 200 closed down 0.3% at 8,875 points, weighed down by technology and banking stocks. Small-cap stocks outperformed large caps.
- Global Trade Jitters: Fears of renewed US trade tariffs under President Trump created market nervousness, reflected in negative futures for Wall Street and European indices.
- Commodities & Safe Havens: Spot gold surged 1.6% to a record high above $4,668/oz. Silver also hit a record. Iron ore futures fell due to persistent weakness in China’s property sector.
- China’s Economy: Annual GDP growth hit the 5% target for 2025. However, December data showed cooling domestic demand, with weak retail sales and a historic annual decline in fixed asset investment, despite strong exports.
- Notable Stocks:
- A2 Milk: Shares tumbled over 11% and trading was halted following data showing China’s birth rate fell to a decades-low, impacting its key market.
- Gold & Uranium Miners: Outperformed (e.g., Boss Energy +13.6%) amid the market turmoil.
- Major Banks & Miners: Generally closed lower, though Rio Tinto gained 0.8% while Fortescue lost 1.9%.
- Wealth Inequality Report: An Oxfam report found Australia’s 48 billionaires saw their wealth grow by nearly $600,000 per day over the past year, holding more wealth than the bottom 40% of the population combined.
Market Snapshot (as of ~4:15 PM AEDT)
- ASX 200: 8,875 pts (-0.3%)
- AUD/USD: 66.91¢ (+0.1%)
- Spot Gold: $4,668/oz (+1.6%)
- Brent Crude: $64.14/barrel (flat)
- Iron Ore: $105.80/tonne (-1.2% on Fri)
- Bitcoin: $92,707 (-2.8%)
市场简报：2026年1月20日
摘要
由于美国重新发出关税威胁引发市场波动，全球股市受到影响，澳交所收低，避险资产价格上涨。中国达成了2025年GDP增长目标，但具体经济数据显示内需持续疲软。主要市场动态包括科技和银行股遭抛售，黄金白银创历史新高，以及A2 Milk等个股出现大幅波动。
关键点
- 澳交所表现：ASX 200指数收盘下跌0.3%，报8,875点，科技和银行股承压。小盘股表现优于大盘股。
- 全球贸易担忧：对特朗普总统领导下美国重启关税的担忧引发市场紧张情绪，华尔街和欧洲股指期货均走低。
- 大宗商品与避险资产：现货黄金大涨1.6%，创下每盎司4,668美元以上的历史新高。白银同样创下纪录。由于中国房地产行业持续疲软，铁矿石期货价格下跌。
- 中国经济：2025年全年GDP增长达到5%的目标。然而，12月数据显示内需持续降温，零售销售疲软，固定资产投资出现年度历史性下降，尽管出口表现强劲。
- 重点个股：
- A2 Milk：股价暴跌超11%并暂停交易，因数据显示其关键市场中国的出生率降至数十年低点。
- 黄金与铀矿商：在市场动荡中表现突出（例如Boss Energy上涨13.6%）。
- 主要银行与矿业股：普遍收跌，不过力拓上涨0.8%，而福特斯克下跌1.9%。
- 财富不平等报告：乐施会报告显示，过去一年澳大利亚48位亿万富翁的财富以每天近60万澳元的速度增长，其总财富超过了底层40%人口的总和。
市场概览（截至澳大利亚东部夏令时约下午4:15）
- ASX 200指数： 8,875点 (-0.3%)
- 澳元/美元： 66.91美分 (+0.1%)
- 现货黄金： 4,668美元/盎司 (+1.6%)
- 布伦特原油： 64.14美元/桶 (持平)
- 铁矿石： 105.80美元/吨 (上周五下跌1.2%)
- 比特币： 92,707美元 (-2.8%)
Original Article Link: https://www.abc.net.au/news/2026-01-19/asx-markets-business-news-live-updates/106242752