Australia's consumer discretionary stocks tumble as recessionary fears cloud market sentiment

WESFARMERS

07/04/2025 05:21

** Australian consumer discretionary stocks sub index .AXDJ  is down 4.3% at 3523 points after losing most since June 14, 2022

** Sub-index falls as much as 6.3% to hit lowest level since June 6, 2024

** Discretionary stocks falling aside all sectors in Australia as equities around the world remain subject to selloffs as recessionary fears take over investor sentiment amid an escalating trade war MKTS/GLOB

** Conglomerate Wesfarmers WES.AX is down 4.7%, video-game maker Aristocrat Leisure ALL.AX is down 5.2%, while jewellery retailer Lovisa Holdings LOV.AX plunges 8.6%

** Sub-index down 5.8% YTD

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))