ASX 200 live: ASX enters correction territory after Trump tariffs; Wall St's $US3 trillion wipeout

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. 

Wall Street's sharp falls could underpin investor sentiment in Asia as the global rout triggered by US President Donald Trump continues.. Picture: Charly Triballeau/AFP

Welcome to the Trading Day blog for Friday, April 4. The ASX 200 index is in correction, closing down 2.4 per cent to 7667.80 points with the energy sector's dive leading broader falls.

Wall Street's major indexes crashed with the Dow down more than 1600 points, or 4 per cent. The S&P 500 index shed 4.8 per cent, or 274 points, and the technology-focused Nasdaq slumped nearly 6 per cent, a drop of more than 1000 points.

Cryptocurrency giant bitcoin was above $US83,000 at 5pm AEDT.

The Aussie dollar was trading around US62.49c.

Originally published as ASX 200 live: ASX enters correction territory after Trump tariffs; Wall St's $US3 trillion wipeout