In the first week of April, more than $200 billion was wiped off the ASX 200. The index has now fallen more than 10 per cent from its February high, officially in correction territory. On Wall Street, almost $US5 trillion ($8.3 trillion) vanished from the S&P 500 following the announcement of sweeping US tariffs.
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Michael Skinner is Managing Director and CIO of Blackwattle Investment Partners.
