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.
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.
$47bn wiped off ASX as markets react to Trump’s latest tariffs, including a 104 per cent hit on China . AUD has hit new 5-year low below US60c.
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.
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.
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.
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.
Star pins hopes on Bally’s as refinancing talks with Salter fail. MinRes, founder Chris Ellison slapped with class action. Zip loses in court. US Fed official worried about tariff policy ‘fog’.
RBA board holds cash rate at 4.1pc, ‘did not explicitly discuss rate cuts’ says Bullock as focus shifts to May. ASX lifts 1pc. Housing groups welcome Coalition promise to drop mortgage buffer.
Markets brace for Trump’s ‘Liberation Day’. US recession probability doubles: GS. Nine, Domain fall amid CoStar talks. RBA, ASIC salvo weighs on bourse operator ASX.
Original URL: https://www.theaustralian.com.au/author/valerina-changarathil