ASX 200: Australian share market sheds $160bn on opening as US trade war gloom spreads across globe
Benchmark S&P/ASX 200 sank 6% within minutes of market opening – sending it back to levels not seen since late 2023
https://www.theguardian.com/australia-news/2025/apr/07/asx-200-sp-share-market-australian-dollar-sheds-opening-us-tariffs-trade-war-fearsOpen linkView original on lemmy.zip
7 replies
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.
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.
Well we're fucked, aren't we?
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
yeah, sorry 'bout that.
Never a bad time for a DieHard quote 😎
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