Australia's Cettire extends losses on flagging direct risks from tariffs

Cettire

24/04/2025 04:46

** Shares of Cettire CTT.AX extend their losses to fall 7.1% to A$0.460, their lowest since July 26, 2022

** Stock among the top losers on the ASX All Ordinaries Index .AORD

** The online retailer flagged on Wednesday, softening demand in its largest market, the U.S., and direct impact on the sale of China-manufactured items in the U.S. due to tariffs

** Stock on track for third consecutive session of losses if current trends hold

** About 6.5 mln shares change hands, ~2x the 30-day average of 3.8 mln shares

** Stock down 69.5% YTD, including current session's moves

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))