BHP(US:BHP) The Economic Times·2026-02-23 07:43Market Overview - The Australian sharemarket closed lower on February 23, 2026, with the S&P/ASX 200 dropping 55.40 points, or 0.61%, to 9,026.00 due to uncertainty surrounding U.S. tariff policy [1][8] - The U.S. Supreme Court's decision to strike down President Trump's emergency tariffs led to a new 10% global levy, which may increase to 15% without clear timing or scope [2][8] Sector Performance - The S&P/ASX 200 index saw mixed sector performance, with 8 out of 11 sectors declining [5][9] - The materials sector was the best performer, gaining 1.53% and 3.29% over the past five days [5][9] - Financial stocks fell by 1.2%, with major banks experiencing declines between 0.6% and 2.3% [6][9] - The health index dropped 2.4%, influenced by CSL's 3.8% decline, while technology stocks fell 4.6% [7][9] - Consumer discretionary and real estate sectors recorded losses of 1.8% and 2.3%, respectively [7][9] Stock Movements - Among the top gainers, Reece Limited (REH) rose 1.940 to 15.880, marking a 13.916% increase, while Guzman y Gomez Limited (GYG) gained 1.510 to close at 19.040, an 8.613% rise [3][8] - Pantoro Gold Limited (PNR) increased by 0.420 to 5.310, representing an 8.589% gain, and Ramelius Resources Limited (RMS) rose 0.370 to 4.880, an 8.204% increase [3][8] - On the decline side, Megaport Limited (MP1) fell 1.690 to 7.960, a drop of 17.513%, and Data3 Limited (DTL) decreased by 1.310 to 7.790, a 14.396% decline [8][9] Investment Trends - There has been a rotation out of technology and health stocks into commodities, with miners and gold stocks benefiting from safe-haven demand [8][9] - Gold stocks gained 4.1% as volatility increased interest in bullion [7][9]