Australian stocks are treading water as investors digest the US president's latest trade tirade. -AAP Image
Australian shares are on shaky ground, finishing flat as new US trade threats weigh on investor confidence.
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As final trades were settled on Monday, the S&P/ASX200 was up one point, or 0.01 per cent, to 8,361.9, as the broader All Ordinaries edged 2.7 points higher, or up 0.03 per cent, to 8,589.4.
The timid trading day came after US president Donald Trump threatened 50 per cent tariffs against the European Union before delaying their June 1 start date until July 9, when deferred reciprocal tariffs are set to kick in.
Six of 11 sectors finished higher, with IT stocks the only clear winner with a 1.1 per cent gain, while utilities underperformed to be down 2.2 per cent.
The Australian dollar hit a six-month high and is buying 65.25 US cents, as Trump's latest trade backflip sparked a greenback sell-off.
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