Another A$35b wiped off ASX on tariff gloom
Close to A$90b in value has been shed from Australia's stock market since Trump’s ‘Liberation Day’ announcement.
Oil and gas stocks were hardest hit on expectations of a supply glut.
The US tariff announcement continued to hit stocks on the ASX today, with another A$35 billion ($38b) wiped off the market after losing about A$55b yesterday.
By lunchtime in Sydney, the S&P/ASX200 was trading 1.42% lower at 7748.20, an eight-month low, as the oil and gas sector slumped 6% on
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