ASX tumbles as Trump trade turns toxic
The ASX followed a global sell-off which hinted at investors finally shedding their complacency around rising US political risks.
Patrick Commins writes on Markets specialising in Equity Markets, Currencies, Debt Markets. Based in our Sydney newsroom, Patrick is Markets deputy editor and has over six years experience as a journalist.
The ASX followed a global sell-off which hinted at investors finally shedding their complacency around rising US political risks.
Shares slump for a second straight day extending the ASX's losses as gathering controversy around the US presidency threatens to derail the global bull market.
The ASX suffered a torrid morning after Wall St suffered its worst session in eight months amid chatter Trump may face impeachment proceedings.
Major banks led a savage sell-off on the ASX, as investors fretted over record low wage growth and the growing threat of US political risks.
Renewed selling in the major banks led a broad and savage sell-off on the ASX, as investors mulled uninspiring wage growth data and climbing US political risks.
Volatility hits multi-decade lows even as some of the world's major sharemarkets power to a fresh round of record highs.
Gathering enthusiasm for bank stocks helped the ASX overcome the Monday morning wobbles, as Quintis and Oroton shares enter a trading halt.
Talk of a new tax on the big banks and an underwhelming CBA trading update triggered a vicious sell-off in the big four lenders.
The local sharemarket fell for a third straight session after a plunge in Chinese iron ore futures drove miners lower.
Claudio Borio's work with Philip Lowe 15 years ago may tell us whether the RBA governor will ultimately hike rates to tame a housing bubble.
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