Australian stock market slumps amid fears of worsening US-China trade war
Benchmark S&P/ASX 200 falls 2.4% after another sell-off on Wall Street overnight triggered by changes to the US tariff regimeElection 2025 live updates: Australia federal election campaignGet our afternoon election email, free app or daily news podcastThe Australian sharemarket lost nearly $60bn in early trading on Friday, as concerns about Donald Trump’s unsettling policy shifts and deteriorating trade relations between the world’s two biggest economies take hold.The benchmark S&P/ASX 200 lost more than half its gains from the previous day after a sell-off on Wall Street overnight, falling almost 2.4% to an early low of 7,524 points, before recovering some ground.Sign up for the Afternoon Update: Election 2025 email newsletter Continue reading...
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Benchmark S&P/ASX 200 falls 2.4% after another sell-off on Wall Street overnight triggered by changes to the US tariff regime
- Election 2025 live updates: Australia federal election campaign
- Get our afternoon election email, free app or daily news podcast
The Australian sharemarket lost nearly $60bn in early trading on Friday, as concerns about Donald Trump’s unsettling policy shifts and deteriorating trade relations between the world’s two biggest economies take hold.
The benchmark S&P/ASX 200 lost more than half its gains from the previous day after a sell-off on Wall Street overnight, falling almost 2.4% to an early low of 7,524 points, before recovering some ground.
Sign up for the Afternoon Update: Election 2025 email newsletter Continue reading...
