ASX 200 live: Trump sets up Aus beef fight, 10pc tariff hit; Ansell dives; Gupta's InfraBuild reprieve
Trump tariff relief as Aussie beef escapes ban, medicines exempt. Asian equities slump as China, Japan urge dialogue. Last-ditch reprieve for Gupta's InfraBuild. APRA lifts ANZ capital buffer, demands over concerns.
Welcome to the Trading Day blog for Thursday, April 3. The ASX 200 index closed down 0.9 per cent at 7859.7 points but well above a three-week low of 7768 as S&P 500 futures swung from down 4.1 per cent to down 2.8 per cent after Trump's latest tariff announcement which was overall worse than expected.
Wall Street's S&P 500 index and the Dow Jones index both closed 0.6 per cent higher and the technology-focused Nasdaq rose 0.9 per cent, but that was before US President Donald Trump's tariff details. US futures fell after the announcement.
Cryptocurrency giant bitcoin is above $US83,000.
The Aussie dollar is trading around US62.76c after Trump's tariff announcement.
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Originally published as ASX 200 live: Trump sets up Aus beef fight, 10pc tariff hit; Ansell dives; Gupta's InfraBuild reprieve
Correction Day: $50bn-plus tariff wipeout for ASX 200
Key market index now 10 per cent below February 14 record close as tariff fears hit investors. Woodside, Santos lead energy slump. Banks and miners also in the red.
Aussie market loses $21bn in Trump chaos
US President Donald Trump’s ‘Liberation Day’ tariffs on the world’s major economies triggered a sharp fall in Australian stocks, wiping out $21bn in value.