Money is flowing out of Wall street,so where is it going？

Moomoo Australia market analyst Jessica Amir was quoted in The Sydney Morning Herald, discussing investor shifts amid global trade tensions.

The article discusses investors turning to the Australian market as a relative safe haven after US President Donald Trump’s imposition of global tariffs.

Fund managers noted that despite facing a 10% baseline tariff, Australia is seen as relatively insulated from broader economic instability, with local economic performance exceeding expectations.

The biggest beneficiary of the trade war so far has been gold, with prices surging 18% since 'Liberation Day'. Other boosted stocks include Commonwealth Bank of Australia and defensive names such as Telstra, which have risen by 6.4% and 2.8%, respectively.

Jessica described the Australian market as a "defensive player" in the current environment.

"The US market is very unpredictable, whereas our market has been pulling us higher. The number one performer are financials, because banks are totally insulated from the trade wars, and banks are expected to make record profits in the full financial year. Number two are gold miners and number three are industrials because they win regardless of tariffs, trade wars and who wins the [Australian] election."

Click the link to read the article:Trump trade wars: Australian sharemarket attracts overseas investors amid global trade war