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ASX bloodbath fears.
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Trump thump: ASX 200 haemorrhages $112bn

Trump tariffs trigger GFC echoes as market trims falls. Treasurer warns on recession risk, flags potential 50bp rates cut. Fears of Black Monday-like crash as traders reel from speedy rout. AUD back above US60c. 

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SYDNEY, AUSTRALIA - NewsWire Photos June 3, 2021: The opening of the ASX this morning with a mix of red and green on the board. Picture: NCA NewsWire / David Swift

Nine, Domain fall; US car tariffs hit stocks

Stocks lost ground on US auto tariffs, though US futures have recovered early losses. Nine-controlled Domain preps for due diligence after $2.8bn offer from US group. Tech rout, AusSuper selldown weigh on Richard White-led WiseTech. Reject Shop rockets nearly 110 per cent on Canadian takeover proposal.

Original URL: https://www.adelaidenow.com.au/business/markets/page/4