Markets

SYDNEY, AUSTRALIA - NewsWire Photos, October 29 2024. GENERIC. Stocks. Finance. Economy. People walk past the Australian Stock Exchange, ASX, on Bridge Street. Picture: NewsWire / Max Mason-Hubers

Grim call after the ASX surges

The Australian sharemarket market will likely remain volatile even after the ASX saw a $116bn rise in one day.

NEW YORK, NEW YORK - APRIL 10: Traders work on the floor of the New York Stock Exchange (NYSE) on April 10, 2025 in New York City. Despite U.S. President Donald Trump's declared 90-day tariff pause for many countries, uncertainty remains in global trade, with the Dow and other international markets falling steeply again. Spencer Platt/Getty Images/AFP (Photo by SPENCER PLATT / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

ASX 200 trims falls as Trump, Asian markets await China response

The ASX 200 trimmed a big intraday fall as US stock index futures and US Treasuries reversed early losses. Asian stocks are mixed with the Nikkei 225 down 3 per cent and the Hang Seng index turning up 1.3 per cent. Xi Jinping will visit Vietnam, Malaysia and Cambodia next week for a response to Trump’s 145 per cent tariff war.

Companies

ASX recovers $116bn in best day since June 2020

Technology and mining stocks lead surge on local bourse. US futures point down after Wall Street’s historic session as Chinese leaders meet to respond to Trump’s 125 per cent hit.

TOPSHOT - US President Donald Trump looks on during a meeting with Israeli Prime Minister Benjamin Netanyahu in the Oval Office of the White House in Washington, DC, on April 7, 2025. Israeli Prime Minister Benjamin Netanyahu was in Washington on Monday to meet Donald Trump, whom he will likely ask for a reprieve from US tariffs while seeking further backing on Iran and Gaza. (Photo by SAUL LOEB / AFP)

North America

Trump’s tariffs flip flop: Was it planned or accidental?

Was President Donald Trump’s carrot and stick approach a tactical move in a broader economic masterstroke? Or did even the billionaire businessman fail to fully comprehend the chaos?

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Markets

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.

BREAKINGBusiness Breaking News

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, on April 4, 2025. Markets extended a global selloff on April 4 as countries around the world reeled from US President Donald Trump's trade war, but the White House insisted the American economy will emerge victorious. Shock waves tore through markets in the United States, Europe and Asia after Trump's tariff bombshell, as foreign leaders signaled readiness to negotiate but also threatened counter-tariffs. (Photo by Timothy A. CLARY / AFP) / ALTERNATE CROP

Aussie dollar plunges, $100bn wiped off ASX

The ASX 200 is a sea of red on the opening, and the Aussie dollar has plunged below 60 cents, as investors continue to sell-off on fears of a global recession.

Markets

#BREAKING UPLOAD# NCA 2025 FEDERAL ELECTION Labor BUS. DAY 10 07/04/2025 Australian Prime Minister Anthony Albanese on the campaign trail In VIC.Australian Labor Prime Minister Anthony Albanese in the suburb of Wallan in the electorate of McEwen to the north of Melbourne visiting the family home of Matthew and Milly and their two children, Winifred ÃWiniÃ (8 y/o in black dress) in grade 3 and Laurance (4 y/o blue sleeves) who attends child care. joined by the Member for McEwen, Rob Mitchell. Picture: Jason Edwards / NewsWire

‘Uncertain times’: Albo’s super concerns

Anthony Albanese says Australia has been in contact with the White House, as he says the global chaos from the Trump tariffs is concerning for Aussie super.

Markets