US shares plunged broadly, extending a sharp sell-off triggered by President Donald Trump’s aggressive trade policy, which has crushed growth expectations, fuelled inflation expectations and knocked consumer sentiment.
At 4pm: Dow -1.7% S&P 500 -2% Nasdaq -2.7%
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com