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…
Source link : https://www.theguardian.com/business/2025/apr/11/australian-stock-market-slumps-amid-fears-of-worsening-us-china-trade-war
Author : Luca Ittimani
Publish date : 2025-04-11 01:31:00
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Australian stock market slumps amid fears of worsening US-China trade war
