The Australian share market has lost $50billion as Donald Trump’s broad-based tariffs stir fears of an American recession.
The benchmark S&P/ASX200 plunged 1.99 per cent in the opening half-hour of trade on Thursday morning.
By 11.30 Sydney time, the loss rate had moderated to 1.58 per cent, with the index trading at 7,809.40 points.
At the worst point in early trade, $50billion had been wiped off Australian shares.
The Australian share market has lost $50billion as Donald Trump ‘s broad-based tariffs stir fears of an American recession
