ASX 200: CSL, MinRes lead ASX losses; 104pc China hit rolls in
$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.
That's all from the Trading Day blog for Wednesday, April 9. The ASX 200 index closed down 1.8 per cent at 7373 in extremely volatile trade with all sectors down.
On Wall Street, all the major indexes reversed early gains. The Dow closed down 0.8 per cent, or 320 points, and at a 52-week low. The S&P 500 fell 1.6 per cent on a historic day - the overnight swing marked the first time since at least 1978 that it hit an intraday high up more than 4 per cent only to close down more than 1 per cent. The Nasdaq Composite dropped 2.2 per cent after the tech-heavy index blew its biggest intraday gain since at least 1982.
Cryptocurrency giant bitcoin is below $US76,000.
The Aussie dollar is near US59.52c - after hitting a fresh five-year low of US59.15c in early trading.
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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.
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.
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