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

By The Guardian   |   5 days ago
ASX 200: Australian share market sheds $160bn on opening as US trade war gloom spreads across globe

Australia's share market loses over $160bn due to trade war fears, with the S&P/ASX 200 dropping over 6%. Wall Street's fall and China's tariffs contribute, leading the Australian dollar to trade below 60 US cents.

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