Australia's Austal dips on weaker second-half outlook

Shares of Austal ASB.AX fall as much as 13.5% to A$5.45, hitting their lowest since February 16

Stock down after five straight sessions of gains, marks weakest intraday trading session since February 13

Shipbuilder says co's H2 FY2026 will not match elevated earnings recorded in H2 FY2025, which included significant profit contribution from facilities expansion contract in the U.S.

Broadly, market sentiment weak after U.S. President Donald Trump raised temporary global tariff rate to 15% on the rest of the world over the weekend

YTD, stock down 15.1%, including the day's moves