ASX 200: Trump tariff volatility continues after Wall Street's wild swings, China threat
ASX roars back to life in best day since November 2023. $A rose over 1 per cent after Monday's meltdown. China slams Trump's 50pc more tariff threat as Hong Kong hits out at 'bullying'. Bets rise on 0.5pc RBA May rate cut.
Welcome to the Trading Day blog for Tuesday, April 8. The ASX 200 index is 1.9 per cent higher at 7485.9 points at 3.44pm AEST, after Monday's 4.2 per cent meltdown.
On Wall Street, false information added $US2.4 trillion in value within minutes and erased it almost as quickly within hours. The S&P 500 closed down 0.2 per cent - after surging some 7 per cent from its low on the day. The Dow index fell 0.9 per cent, or 349 points, and the tech-heavy Nasdaq index finished 0.1 per cent higher.
Cryptocurrency giant bitcoin has fallen below $US80,000.
The Aussie dollar is trading around US60.16c.
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Originally published as ASX 200: Trump tariff volatility continues after Wall Street's wild swings, China threat
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