Australian shares plunge again as businesses shut and US Congress bickers over coronavirus stimulus package
5 years ago

Australian shares plunge again as businesses shut and US Congress bickers over coronavirus stimulus package

ABC  

Australian shares have lost nearly $100 billion in a day of volatile trade after the country shut down parts of its economy and more states shut their borders. Key points: The ASX 200 lost further value, putting it back to where it was in late November 2012 The Australian dollar is trading at a near 17-year low Global rating agency Standard & Poor's predicts Australia's economy will expand by just 0.4 per cent in 2020 Investors were also unnerved by the failure of the US Congress to pass the latest coronavirus stimulus bill, which saw US stock futures plunge 5 per cent at the open, the biggest permissible fall. The Nikkei 225 index in Japan has gained 2 per cent after the Bank of Japan said it would inject an extra 800 billion yen into the financial system of the world's third-largest economy. In New Zealand, the benchmark NZ50 index lost 7.6 per cent to 8,498 after the country's government announced a shutdown to try and stop the spread of the coronavirus. S&P predicted Australia's economy would expand by just 0.4 per cent in 2020 after growth of 2.2 per cent last year seasonally adjusted according to the Bureau of Statistics.

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History of this topic

Australia shares edge higher from seven-month lows as bargain hunters step in
2 weeks ago

Australia shares edge higher from seven-month lows as bargain hunters step in

Live Mint  

March 13 - Australian shares eked out modest gains on Thursday, rebounding from a seven-month low, as investors took advantage of recent weakness to buy the dip after U.S. President Donald Trump's tariff debacle sent markets substantially lower. However, markets continued to weigh the downside risks of an escalating global trade war, triggered by U.S. President Donald Trump's latest tariff …

Australia, NZ dollars sink on soaring euro; steady vs dollar
2 weeks, 1 day ago

Australia, NZ dollars sink on soaring euro; steady vs dollar

Live Mint  

SINGAPORE, March 12 - The Australian and New Zealand dollars hit post-COVID lows against a surging euro, as Ukraine said it would agree to a U.S. proposal for a ceasefire, a possible step toward peace. The euro had gained broadly after the U.S. said it would restore military aid and intelligence sharing to Kyiv, while Kyiv said it would accept …

Australia, New Zealand currencies edge higher as US economic fears drag dollar
2 weeks, 3 days ago

Australia, New Zealand currencies edge higher as US economic fears drag dollar

Live Mint  

* Aussie, Kiwi near five-year lows on euro * Wall Street futures sink, lower bond yields bring dollar lower * Little domestic data expected this week SYDNEY, March 10 - The Australian and New Zealand dollars eked out small gains on Monday after U.S. President Donald Trump refused to rule out a recession from his trade policies, triggering a flight …

The latest Australian dollar sell-off is a red flag for the economy
3 weeks, 5 days ago

The latest Australian dollar sell-off is a red flag for the economy

ABC  

There's a lot going on in the world, and the story is encrypted in the Australian dollar. Then, on Friday, US President Donald Trump announced dates for the implementation of tariffs on Canada and Mexico and said the US would impose a further 10 per cent tariff on Chinese goods. "The Aussie's hopes for a quiet glide into the weekend …

Australia, NZ dollars back off resistance, tariff risk looms
1 month ago

Australia, NZ dollars back off resistance, tariff risk looms

Live Mint  

By Wayne Cole SYDNEY, Feb 25 - The Australian and New Zealand dollars were on the back foot on Tuesday after again failing to clear resistance, and markets were reminded the next round of U.S. tariff jeopardy was just days away. President Donald Trump on Monday indicated proposed levies on Mexico and Canada were still set to start next week, …

The fallout of Trump's tariffs hits financial markets as ASX dives. Here's what it means for Australia
1 month, 3 weeks ago

The fallout of Trump's tariffs hits financial markets as ASX dives. Here's what it means for Australia

ABC  

Tariffs imposed by US President Donald Trump may not be a surprise, but they have certainly caused a shock on financial markets. "But central banks still cutting rates with the RBA joining in, prospects for stronger growth later in the year supporting profits, and Trump's policies ultimately supporting US shares, should still mean okay investment returns," Dr Oliver said. "The …

Live updates: ASX 200 hits all time high, NAB backs February rate cut, Wall Street down on Fed rate hold
1 month, 3 weeks ago

Live updates: ASX 200 hits all time high, NAB backs February rate cut, Wall Street down on Fed rate hold

ABC  

The Australian and New Zealand dollars found a sliver of support on Thursday after three straight sessions of losses, with risks still mounting to the downside as investors aggressively wager on near-term cuts to interest rates. Among the major Australian banks, NAB joined Westpac in shifting its call for the first cut from the Reserve Bank of Australia to February …

Australia, NZ dlrs Struggle near two-year lows, data on help
2 months, 2 weeks ago

Australia, NZ dlrs Struggle near two-year lows, data on help

Live Mint  

By Wayne Cole SYDNEY, Jan 9 - The Australian dollar and New Zealand dollars wallowed near two-year lows on Thursday as their U.S. counterpart caught an updraught from lofty Treasury yields, while domestic data disappointed high expectations. Figures showed Australian retail sales rose a solid 0.8% in November as Black Friday discounting attracted frugal shoppers, but that missed market forecasts …

Dollar eases in cautious start to 2025; yen lingers at five-month lows
Trending News
2 months, 3 weeks ago

Dollar eases in cautious start to 2025; yen lingers at five-month lows

Live Mint  

By Ankur Banerjee SINGAPORE - The U.S. dollar wobbled at the start of 2025 trade on Thursday after a strong year of gain against most currencies, with the yen anchored near its lowest level in more than five months as investors ponder U.S. interest rates staying higher for longer. A wide interest rate difference between the U.S. and other economies …

Australian dollar now at risk of plummeting to pandemic-era lows, analysts say
2 months, 3 weeks ago

Australian dollar now at risk of plummeting to pandemic-era lows, analysts say

ABC  

The Australian dollar has fallen sharply, hitting a multi-year low of 61.88 US cents — a level not seen since October, 2022. "The problem with the Australian dollar appears to be that there was a real wobble in the Chinese currency into New Year's Eve," InTouch Capital Markets senior FX analyst Sean Callow said. The US dollar has performed strongly …

Australian shares fall as banks and miners drag
2 months, 3 weeks ago

Australian shares fall as banks and miners drag

Live Mint  

Dec 30 - Australian shares fell on Monday after three straight sessions of gains, as index heavyweight banks retreated and mining stocks declined on weak underlying commodity prices. The benchmark has risen 8.4% so far this year, heading for a second straight session annual gain, even though investors were worried about an uneven economic recovery in Australia's top trading partner …

Australia shares post weekly loss as China’s stimulus dampens mining appetite
4 months, 1 week ago

Australia shares post weekly loss as China’s stimulus dampens mining appetite

Live Mint  

* Benchmark index down 0.2% for week * Mining stocks post worst week in over 2 years * Energy sub-index declines by 2.1% By Rishav Chatterjee Nov 15 - Australian shares rose on Friday but ended the week marginally lower as miners slumped, reflecting dampened investor appetite after the country's top trading partner China unveiled its latest stimulus package. The …

Commodity stocks drag Australian shares lower on China stimulus letdown
4 months, 2 weeks ago

Commodity stocks drag Australian shares lower on China stimulus letdown

Live Mint  

Nov 12 - Australian shares fell on Tuesday for a second straight session, dragged down by losses in heavyweight mining and energy stocks as China's latest stimulus plan disappointed investors seeking demand growth in the world's second-biggest economy. Iron ore prices closed lower on Monday as another round of stimulus measures by top buyer China disappointed investors who had hoped …

Dollar stable, yen wobbles ahead of US inflation data
6 months, 2 weeks ago

Dollar stable, yen wobbles ahead of US inflation data

Hindustan Times  

By Ankur Banerjee Dollar stable, yen wobbles ahead of US inflation data SINGORE -The dollar was steady on Tuesday and the yen inched away from one-month highs in cautious trading as investors braced for U.S. inflation data and reassess expectations of a large interest rate cut from the Federal Reserve next week. A mixed labour report on Friday failed to …

Australian stockmarket sheds more than $100 billion in biggest fall since the lockdown era. Here's why
7 months, 3 weeks ago

Australian stockmarket sheds more than $100 billion in biggest fall since the lockdown era. Here's why

ABC  

Australian stocks have closed down 3.7 per cent on Monday, wiping more than $100 billion from the stock market. That uncertainty was too much for financial markets to bear, and stock markets across the world, including in Australia, "crashed" — down 20 per cent or more. It reached a point late last week that financial markets were convinced the US …

Australian dollar tumbles on fears of Chinese economic slowdown
8 months ago

Australian dollar tumbles on fears of Chinese economic slowdown

ABC  

After climbing to a six-month high two weeks ago, the Australian dollar has since tumbled, as fears mount about the economic health of our largest trading partner, China. "Until the Chinese government makes a material stimulus, and puts some actual money behind this idea of recovery in the property market, the iron ore price is going to remain subdued," Bell …

Australian dollar ‘at risk of a slide’ as China’s economic troubles deepen
1 year, 7 months ago

Australian dollar ‘at risk of a slide’ as China’s economic troubles deepen

ABC  

The Australian dollar hit a nine-month low against the US dollar Monday. Key points: The Australian dollar has hit a nine-month low There are growing concerns about the health of China's economy Global investors are on edge as another major Chinese investment firm shows signs of stress It fell to 64.59 US cents before recovering in afternoon trade to 64.8 …

Australian retail sales suffer first fall of 2022 as inflation bites, ASX lower
2 years, 3 months ago

Australian retail sales suffer first fall of 2022 as inflation bites, ASX lower

ABC  

Australian retail sales suffered their first fall of 2022 in October as rising prices and higher interest rates finally seemed to have an impact on spending, a surprisingly soft result that suggests tighter policy is working as intended. Key points: The ASX 200 has lost around 3 per cent since the year began Wall Street had a mixed session on …

Australian dollar sinks to 29-month low on 'rising risk' of global recession, ASX drops 1.4 per cent
2 years, 5 months ago

Australian dollar sinks to 29-month low on 'rising risk' of global recession, ASX drops 1.4 per cent

ABC  

Australian shares have fallen significantly, tracking heavy losses on Wall Street as worries about higher interest rates and a potential recession in the United States hurt investor sentiment. Key points: The Australian dollar peaked at 76.6 US cents in April It has since dropped 17 per cent as global recession fears mount The US Fed is tipped to lift interest …

Donald Trump's coronavirus relief and government funding bill signing leads to Australian stock market rise
4 years, 2 months ago

Donald Trump's coronavirus relief and government funding bill signing leads to Australian stock market rise

ABC  

Australia's share market has closed more than half a per cent higher on the back of the United States passing its long-awaited stimulus bill to help the country's economic recovery from COVID-19. Key points: Buy-now-pay-later company Afterpay hit another record high at $122 a share Beach Energy fell 4.3 per cent after it abandoned its Ironbark exploration well in Western …

Global Markets: Shares Cling to Tight Ranges as Attention Shifts to US Election, Stimulus
4 years, 6 months ago

Global Markets: Shares Cling to Tight Ranges as Attention Shifts to US Election, Stimulus

News 18  

Asian shares and most currencies held tight ranges on Monday, as investors awaited developments on US fiscal stimulus and coronavirus vaccines amid a resurgence of infections in Europe. “The development of the pandemic remains the overriding factor driving the economy, discussions on the fiscal policy, and ultra loose policy by the Fed.” On Friday, US stocks declined with the Dow …

Australian shares ease back as investors await grim US employment figures
4 years, 9 months ago

Australian shares ease back as investors await grim US employment figures

ABC  

The Australian share market is off yesterday's three-month high as investors take a breather to cash in some profits ahead of the latest US unemployment numbers tonight. Key points: About 42 million Americans have filed unemployment claims since mid-March, with 21.5 million continuing claims The benchmark S&P 500 index eased 0.3pc to 3,112 The ECB increased its bond buying program …

Australian share market rises, dollar comes off five-month high
4 years, 9 months ago

Australian share market rises, dollar comes off five-month high

ABC  

The Australian share market rose this session but ended off its early highs, after a strong session on Wall Street. Key points: The major US share indices gained between 0.8 and 2.05pc last night The Nasdaq is now just 1.4pc from its record high set in February, the S&P 500 still 7.8pc off The Australian dollar has eased back from …

Australian dollar retreats to 69.3 US cents, as ASX shrugs off recession fears
4 years, 9 months ago

Australian dollar retreats to 69.3 US cents, as ASX shrugs off recession fears

ABC  

The Australian dollar has had a temperamental day after the impact of summer bushfires and COVID-19 on the economy was revealed. Key points: The Australian dollar jumped as high as 69.83 US cents, its highest value since January 3 The ASX 200 is about 23 per cent away from hitting its February record high Australia's economy contracted by 0.3pc in …

Australian shares jump to 11-week high as travel stocks rebound from coronavirus
4 years, 10 months ago

Australian shares jump to 11-week high as travel stocks rebound from coronavirus

ABC  

Australian shares have jumped to their highest value in almost three months as optimistic investors focused on the COVID-19 economic recovery, rather than US-China tensions. Key points: The Australian share market has dropped 21.6pc since its February record high But it has also surged 23.5pc from its lows in March The Australian dollar traded between 65.24 and 65.48 US cents …

Australia unlikely to experience 'post-war' recovery after coronavirus
4 years, 11 months ago

Australia unlikely to experience 'post-war' recovery after coronavirus

ABC  

So far, so good. According to research by consultancy firm AlphaBeta — run by Andrew Charlton, Kevin Rudd's adviser through the global financial crisis — the stimulus program has already arrested the alarming decline in discretionary spending that rocked the economy during the last week of March. Spending per person plummeted an incredible 13 per cent below normal levels in …

Treasury underestimated coronavirus like the rest of us, FOI documents show
4 years, 11 months ago

Treasury underestimated coronavirus like the rest of us, FOI documents show

ABC  

Six weeks ago, Treasury officials were estimating the coronavirus outbreak was only going to dent Australia's economic growth in the first three months of this year before the economy rebounded. Key points: Treasury initially estimated COVID-19 would shave 0.5 percentage points off March quarter growth Now the economy is in controlled "hibernation" with a $130 billion wage subsidy plan But …

Banks drag Australian market lower, IMF warns wartime measures are needed due to coronavirus fallout
4 years, 11 months ago

Banks drag Australian market lower, IMF warns wartime measures are needed due to coronavirus fallout

ABC  

The Australian share market has fallen, led by the major banks, after the International Monetary Fund told governments to enact wartime measures to fight the coronavirus pandemic. Key points: The ASX 200 lost 2 per cent and the All Ordinaries index fell by 1.9 per cent Bank stocks are under pressure as New Zealand stops banks paying dividends in order …

New Zealand unveils 7.3 billion dollar stimulus package to counter Covid19 pandemic
5 years ago

New Zealand unveils 7.3 billion dollar stimulus package to counter Covid19 pandemic

Deccan Chronicle  

Wellington: New Zealand unveiled a NZ$12.1 billion stimulus package Tuesday as Prime Minister Jacinda Ardern raided the nation's "rainy day" fund to soften the economic hit from the coronavirus pandemic. Finance Minister Grant Robertson conceded "recession is almost certain" but said the package -- which focuses on wage subsidies, tax breaks and a boost to healthcare -- would help contain …

Stocks plunge, dollar battered as Fed's emergency cut spooks investors; steps by global policymakers fail to stem market rout
5 years ago

Stocks plunge, dollar battered as Fed's emergency cut spooks investors; steps by global policymakers fail to stem market rout

Firstpost  

The US Federal Reserve cut interest rates by 100 basis points on Sunday to a target range of 0 percent to 0.25 percent. Meanwhile, SGX Nifty suggests Indian markets will see another day of red#CoronavirusPandemic pic.twitter.com/fJD7Lzqx5J — CNBC-TV18 March 16, 2020 US stock futures plunged 4.8 percent to hit their down limit before daybreak in Singapore. “We really need to …

Coronavirus fallout could take Australian economy decade to recover from, KPMG says
5 years ago

Coronavirus fallout could take Australian economy decade to recover from, KPMG says

ABC  

Australia's economy could take almost a decade to recover from the coronavirus fallout even after being cushioned by the Federal Government's $17.6 billion stimulus, according to a report out this morning. Key points: KPMG said in the best case scenario, Australia's economic growth would decline by 0.9 per cent in 2020 This, even with the Federal Government's stimulus measures, amounts …

Stocks suffer fresh hit after US slashes rates to near zero
5 years ago

Stocks suffer fresh hit after US slashes rates to near zero

Al Jazeera  

Central banks in Australia and New Zealand also announced measures to combat the virus’ effects, hurting currencies. The US Federal Reserve, also commonly known as the Fed, cut interest rates by 100 basis points on Sunday to a target range of 0 percent to 0.25 percent. “We really need to see the fiscal side…to prevent a longer than needed economic …

Coronavirus : Australian stocks could drop 50% from peak in worst case, says report
5 years ago

Coronavirus : Australian stocks could drop 50% from peak in worst case, says report

Live Mint  

Distress over the coronavirus and an oil price war might see Australia’s benchmark stock index plunge 50% from its record by the end of 2020, according to IG Markets. Australian shares crashed into a bear market Wednesday, just 14 trading days after hitting a record, as a slump in crude following the demand shock from coronavirus was compounded by an …

Dow Jones plunges 10pc, Australian dollar hits 17-year low amid economic fallout from coronavirus
5 years ago

Dow Jones plunges 10pc, Australian dollar hits 17-year low amid economic fallout from coronavirus

ABC  

Global markets have tumbled again as panicked investors continue to struggle with the economic fallout of the coronavirus pandemic and US President Donald Trump's ban on European travellers. Key points: Wall Street suffered its worst day in 30 years, while Europe has its worst session ever The Dow Jones, S&P 500 and Nasdaq have fallen into bear market territory It …

About $130 billion wiped off Australian shares post Donald Trump's European coronavirus travel ban
5 years ago

About $130 billion wiped off Australian shares post Donald Trump's European coronavirus travel ban

ABC  

About $130 billion has been wiped off the value of Australian shares after US President Donald Trump announced a temporary ban on travellers from Europe and the World Health Organisation declared the coronavirus a pandemic. Key points: The rising cost of coronavirus and the share market crash has banks and government looking at stimulus measures Despite the UK Government announcing …

Australian share market dips again as Donald Trump remains coy about coronavirus stimulus package
5 years ago

Australian share market dips again as Donald Trump remains coy about coronavirus stimulus package

ABC  

The Australian share market has lost almost 4 per cent of its value as doubts set in over whether the US Congress would approve Donald Trump's proposed stimulus plan. Key points: Australian markets were buoyed by promises from Donald Trump, but quickly slid again when he failed to provide details of a proposed stimulus Wall Street rose nearly 5 per …

Australian share market opens down after global markets stung by oil prices, coronavirus
5 years ago

Australian share market opens down after global markets stung by oil prices, coronavirus

ABC  

Australia's stock market has rebounded after the ASX200 shed as much as 3.7 per cent at the start of trade this morning. Key points: The Australian share market was almost back to parity within the hour Australia's 7.3 per cent drop on Monday was emulated by global markets when they opened for the week overnight Qantas shares fell more than …

New calculations show coronavirus will sap $34 billion dollars from economy, prompting need for urgent stimulus
5 years ago

New calculations show coronavirus will sap $34 billion dollars from economy, prompting need for urgent stimulus

ABC  

As the impact of COVID-19 takes hold, the head of Australia's Department of Treasury has flagged an urgent need for targeted stimulus, as new modelling shows $34 billion could be wiped from Australia's economy this year. Key points: The head of Treasury said the negative impact of bushfires and coronavirus would be larger than economic growth in the previous quarter …

ASX extends its seven-session losing streak, but losses moderate in afternoon trade
5 years ago

ASX extends its seven-session losing streak, but losses moderate in afternoon trade

ABC  

The Australian share market has extended its losing streak to a seventh straight session, but closed well off the lows of the day, ahead of a widely anticipated interest rate cut tomorrow. ASX at Monday's close: The ASX 200 ended down 0.8 per cent to 6,391 points, well off its lows Markets now consider a 25-basis-point cut by the Reserve …

Coronavirus isn't the only contributor to Australia's weakening dollar
5 years ago

Coronavirus isn't the only contributor to Australia's weakening dollar

ABC  

Australia's dollar fell to an 11-year low this week, hitting 65.43 US cents on Thursday. The decline began after Reserve Bank governor Philip Lowe delivered a speech in Sydney conceding Australia's economy had weakened towards the end of 2018 and more interest rate cuts may be needed in 2019. The RBA ended up cutting Australia's interest rate three times last …

Australian dollar slumps to 11-year low on weak jobs data; ASX slips
5 years, 1 month ago

Australian dollar slumps to 11-year low on weak jobs data; ASX slips

ABC  

The Australian dollar has plunged to an 11-year low — its worst level since the global financial crisis — following an unexpected jump in unemployment. Key points: The Australian dollar has fallen more than 1pc over the past day and is at its weakest level since the peak of the global financial crisis passed in early 2009 Analysts say the …

Australian shares dip on coronavirus fears, despite fresh Wall St records
5 years, 1 month ago

Australian shares dip on coronavirus fears, despite fresh Wall St records

ABC  

China's plans to cut tariffs on some US imports have failed to boost the local share market, despite fresh record highs on Wall Street overnight. Market snapshot at 12:30pm : ASX SPI futures — 0.5pc at 6,947, ASX 200 +1.1 pc at 7,049 AUD: 67.1 US cents, 51.9 British pence, 61.1 Euro cents, 73.8 Japanese yen, $NZ1.041 US: Dow Jones …

Australian dollar sinks to four-month low; Wall Street volatile amid coronavirus fears
5 years, 1 month ago

Australian dollar sinks to four-month low; Wall Street volatile amid coronavirus fears

ABC  

Australian shares are trading higher as investors shrugged off the coronavirus' potential economic impact — despite the World Health Organisation declaring the outbreak a global health emergency. Market snapshot at 8:05am : ASX SPI futures +0.5pc at 6,976, ASX 200 -0.3pc at 7,008 AUD: 67.2 US cents, 51.32 British pence, 60.9 Euro cents, 73.2 Japanese yen, $NZ1.035 US: Dow Jones …

Shares drop sharply on rising coronavirus concerns
5 years, 1 month ago

Shares drop sharply on rising coronavirus concerns

ABC  

The Australian share market is down about 1.5 per cent, as it follows global bourses lower on fears about the rapidly escalating Chinese coronavirus outbreak. Key points: The Australian share market was down 1.6 per cent in the first half hour of trade Travel, entertainment and retail stocks had large falls on concerns about the drop-off in Chinese visitors Mining …

Australian shares, US futures rebound after Iran says it doesn't want war
5 years, 2 months ago

Australian shares, US futures rebound after Iran says it doesn't want war

ABC  

The Australian share market has closed lower, but pulled back from steeper earlier losses, after Iran's foreign minister said its strikes against US forces in Iraq "concluded proportionate measures in self-defence" following the US killing of an Iranian general. Key points: US officials have confirmed rockets have been fired at the Al-Asad and Erbil airbases in Iraq, which host US …

Australian dollar tumbles after New Zealand's Reserve Bank warns of interest rate cut
5 years, 11 months ago

Australian dollar tumbles after New Zealand's Reserve Bank warns of interest rate cut

ABC  

The Australian dollar has fallen sharply against major currencies, after the Reserve Bank of New Zealand unexpectedly warned, on Wednesday, that its next move in interest rates might be a rate cut. Market snapshot at 8:15am : ASX SPI futures flat at 6,113, ASX 200 flat at 6,136 AUD: 70.83 US cents, 53.61 British pence, 62.97 euro cents, 78.24 Japanese …

Australian dollar drops on greenback strength, stocks rise
6 years, 5 months ago

Australian dollar drops on greenback strength, stocks rise

ABC  

The Australian dollar has dropped around half a cent against the greenback, as investors bet on further interest rate rises from the US Federal Reserve. It was a rise in the greenback that pushed the Australian dollar lower, as investors became increasingly certain that US interest rates are heading steadily higher. "The Fed is moving faster than most central banks …

Wall Street rally snaps on reports Donald Trump plans to ramp up China trade war
6 years, 6 months ago

Wall Street rally snaps on reports Donald Trump plans to ramp up China trade war

ABC  

Wall Street snapped its four-day winning streak on reports US President Donald Trump may implement tariffs on $US200 billion worth of Chinese goods next week. Markets at 7:30am : ASX SPI 200 futures +0.2pc at 6,336, ASX 200 flat at 6,352 AUD: 73.65 US cents, 55.82 British pence, 62.26 Euro cents, 80.68 Japanese yen, $NZ1.09 US: Dow Jones -0.5pc at …

Dow Jones plunges 724 points on trade war fears after Trump unveils $US60b tariffs on China
7 years ago

Dow Jones plunges 724 points on trade war fears after Trump unveils $US60b tariffs on China

ABC  

Wall Street has plunged over fears of a US-China trade war, after the Trump administration moved to impose tariffs on up to $US60 billion worth of Chinese imports. Markets at 7:05am : ASX SPI 200 futures -1.5pc, ASX 200 -0.2pc at 5,937 AUD: 77.06 US cents, 54.6 British pence, 62.6 Euro cents, 81.2 Japanese yen, $NZ1.07 US: Dow Jones -2.9pc …

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