ASX 200 sheds $100bn in biggest one-day fall in five years as Trump tariffs send shares tumbling

07/04/2025 07:36 The Guardian

Other times when ASX dropped by more than 4% include during pandemic, 2008 global financial crisis and 1987 stock market crashFalling Australian dollar spells bad news for travellers and shoppersGet our afternoon election email, free app or daily news podcastElection 2025 live updates: Australia’s federal election campaignThe Australian share market has recorded its biggest one-day fall in almost five years after fears of a full-blown trade war and global recession spooked investors, wiping $100bn of value from local stocks.The benchmark S&P/ASX 200 sank more than 4% to close at 7,343 points, sending it back to levels not seen since December 2023. It represents the steepest drop since the pandemic roiled financial markets.Sign up for the Afternoon Update: Election 2025 email newsletter Continue reading...

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