NewsBite

ASX 200: US car tariffs hit stocks; Reject Shop rockets on Dollarama bid; CoStar sweetens Domain offer; WiseTech in focus after AusSuper salvo

Stocks lost ground on US auto tariffs, though US futures have recovered early losses. Nine-controlled Domain preps for due diligence after $2.8bn offer from US group. Tech rout, AusSuper selldown weigh on Richard White-led WiseTech. Reject Shop rockets nearly 110 per cent on Canadian takeover proposal.

Global tariff concerns, local economic and budget commentary and corporate updates are keeping equity investors busy this week. Picture: David Swift
Global tariff concerns, local economic and budget commentary and corporate updates are keeping equity investors busy this week. Picture: David Swift
The Australian Business Network

That's all from the Trading Day blog for Thursday, March 27.  The ASX 200 index closed down 0.4 per cent at 7969 points, ending a five-day winning streak as regional markets dived as the US slapped a 25 per cent tariff on autos.

On Wall Street, the S&P 500 shed 1 per cent as the Dow Jones slipped 0.3 per cent and the technology-focused Nasdaq slumped 2 per cent.

Cryptocurrency giant bitcoin is above $U87,000.

The Aussie dollar is trading around US63.10c.

Add your comment to this story

To join the conversation, please Don't have an account? Register

Join the conversation, you are commenting as Logout

Original URL: https://www.theaustralian.com.au/business/trading-day/asx-200-live-all-the-latest-business-results-updates-and-economic-news/live-coverage/337c605176315d060467f08f6827282b