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Wall Street slumped on Thursday night, dragged down by AI superstars including Nvidia.

ASX slips below 8000 mark as CBA, tech stocks cop a hit

The Australian sharemarket has posted its lowest close in six months, extending its losing streak as investors digest the latest twist in the unfolding global trade war.

  • Gemma Grant

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Donald Trump’s escalating trade war has set off a market sell-down on Wall Street and on stock exchanges around the world.

Has the market’s Trump bet been wiped out? Maybe – or maybe not

Investors are confused whether the market sell-down in response to Donald Trump’s punitive trade policies will prompt him to limit them after all, after his Commerce secretary flagged a potential tariff compromise.

  • Stephen Bartholomeusz
The sharemarket is getting increasingly skittish around Donald Trump’s policies.

As Trump slump hits investors, why does big business still love him?

With markets plunging, you don’t hear Donald Trump talking about share prices any more as proof of his successful management of the US economy. Still, for some of America’s business leaders, there’s no DOG in DOGE.

  • Elizabeth Knight
Ponzi schemes are collapsing while financial markets are soaring, concerning legal and market experts.

King of chaos: Wall Street is losing faith in Donald Trump

The Wall Street honeymoon Donald Trump experienced in the initial months of his new administration appears to be ending.

  • Stephen Bartholomeusz
Left to right: Sigma Healthcare CEO Vikesh Ramsunder, Chemist Warehouse founders and brothers Sam Gance, Jack Gance, and CEO Mario Verrocchi.

‘50 years of toil, 50 years of grind’: Chemist Warehouse is now a $32 billion giant

The mega-merger with pharmaceutical distributor Sigma Healthcare has minted billions for the pharmacy chain’s three founders and spawned more than 100 millionaires, with their stakes worth between $5 million and $25 million.

  • Jessica Yun
Trump may have to rethink his belief that trade wars are “easy to win”.

Dumb and dumber: Trump’s war on the world is not going to plan

Donald Trump just aimed his most powerful weapon at his closest trade allies and has gained nothing substantial.

  • Stephen Bartholomeusz
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Last year, banks enjoyed a ‘safe haven’ status in the market which saw their share prices surge. But this trend could reverse with likely successive rate cuts in 2025.

Rate cuts are on the horizon. Will it spell gloom for big banks?

Banks upheld their “safe haven” status in the market last year, and share prices surged – but could rate cuts reverse this trend and make it tougher for banks in 2025?

  • Cindy Yin
More than a trillion dollars was wiped off the value of tech stocks on Monday.

Wall Street’s trillion-dollar wipeout sets off alarm bells

A Chinese start-up that didn’t exist 18 months ago just triggered a meltdown that exposes the vulnerability of Wall Street.

  • Stephen Bartholomeusz
Donald Trump

Donald Trump is driving interest rates up around the globe

Fears that the president-elect’s “America First” agenda will rekindle inflation and unleash economic damage have rattled bond markets and driven the US dollar sharply higher.

  • Stephen Bartholomeusz
The ASX 200.

ASX slumps as traders await US jobs data; $A hits two-year low

The sharemarket fell on Friday, as global investors watch for US jobs data that could influence the outlook for interest rates.

  • Daniel Lo Surdo

Original URL: https://www.watoday.com.au/topic/sharemarket-61t