ASX 200: Australian share market sheds $160bn on opening as US trade war gloom spreads across globe

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Submitted ⁨⁨15⁩ ⁨hours⁩ ago⁩ by ⁨BrikoX@lemmy.zip⁩ to ⁨australia@aussie.zone⁩

https://www.theguardian.com/australia-news/2025/apr/07/asx-200-sp-share-market-australian-dollar-sheds-opening-us-tariffs-trade-war-fears

Benchmark S&P/ASX 200 sank 6% within minutes of market opening – sending it back to levels not seen since late 2023

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kudra@sh.itjust.works ⁨15⁩ ⁨hours⁩ ago
Gooooooo

All I can say is I hope this gives the RWNJs pause about voting for the potato, if they think stocks will go down even further unless we distance ourselves from the US, then we might not be doomed to 3 years of similar stupidity.

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- Eyekaytee@aussie.zone ⁨8⁩ ⁨hours⁩ ago
  
  All I can say is I hope this gives the RWNJs pause about voting for the potato
  
  They don’t, they are expecting rate cuts which will make everything better and that trump has said there will be pain so this is expected
  
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