Market Wrap / copper curveball

As investors were digesting the surprise RBA hold, the S&P/ASX 200 suffered from further tariff turbulence, and finished 0.6% lower at 8,538.60 points this Wednesday. The US President closed the door to further delays on levies; and hinted at a 50% tax on copper imports, as well as up to 200% on pharma products in a year’s time. Copper miner Sandfire Resources shed 3.5%, while Rio Tinto weathered the news better on account of its presence in the US. The healthcare sector was in the red, with heavy-weight and US-dependent CSL 0.9% lower this Wednesday. In company news, Telix Pharmaceuticals received US approval for its imaging agent, which sent the stock to top the index’s gains. Elsewhere, Lifestyle Communities freefalled 37.2% as it flagged subdued quarterly sales, and confirmed its intent to appeal a Victorian tribunal ruling on unfair exit fees.And Qantas has revealed around 5.7M customers were affected by last week's data breach. Shares finished higher by 0.3%.