ASX 200 sheds $100bn in biggest one-day fall in five years as Trump tariffs send shares tumbling
www.theguardian.com
Other times when ASX dropped by more than 4% include during pandemic, global financial crisis and 1987 stock market crash

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

  • kudraEnglish
    18·
    26 days 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.

    • PointyReality@lemmy.worldEnglish
      14·
      26 days ago

      One would hope so but the disinfo is strong in their faces and they lack the critical thinking skills to discern the difference. Our only chance is the rest of us out numbering them.

      • KanzarEnglish
        8·
        26 days ago

        Well we’re fucked, aren’t we?

        • Aussiemandeus@aussie.zoneEnglish
          5·
          26 days ago

          Yeah and the best part, all our supers are tied into the stock market somehow. So good luck retiring.

          No pension no super work till you die peasant

          • kudraEnglish
            2·
            26 days ago

            Never a bad time for a DieHard quote 😎

    • ikt@aussie.zoneEnglish
      1·
      26 days 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