ASX Market Open: Oz caught up as Trump tariffs stoke recession panic, lead to $4B Wall Street wipeout | April 4, 2025

The Market Herald
04-04

Australian shares will plunge on Friday morning when the trading bell rings in Sydney, with ASX 200 futures pointing to a 1.4% nosedive to end Week 14.

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The impending red bloodbath comes after – you guessed it – tariffs posturing.

Trump unveiled his “Liberation Day” tariffs early yesterday morning (Aus time); since then, there has been a flurry of responses. China and the European Union especially threatened to strike back against the U.S. levies with their own.

The whole thing has sparked sharp fear in U.S. and global markets alike, with many now tipping things to spiral into a global recession quite quickly.

On Wall Street, more than US$2.5B was wiped out through the collapse.

In percentage dips, that’s a -5.97% reversal for the Nasdaq composite, -3.98% for the Dow Jones, and -4.84% for the S&P 500. Traders aren’t happy, that’s for sure.

This morning, Trump seemed upbeat. He told White House reporters: “The markets are going to boom, the stock is going to boom… the country is going to boom. The rest of the world wants to see is there any way they can make a deal.”

Hong Kong meanwhile lost as much as -1.5% overnight; the STOXX 600 lost -2.57%.

In Oz company news today, eyes will stay locked on any companies exposed to Trump’s tariffs – some, like Cettire (ASX:CTT) and CSL (ASX:CSL), were already blitzed through Thursday and lost as much as 10% in value.

Elsewhere too, Woodside (ASX:WDS) chief executive Meg O’Neill has pushed back against calls for the gas producer to cut carbon emissions, citing high costs.

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Looking at forex, the Aussie dollar is buying 63.2 US cents.

To commodities, which are in the greenback,

Iron Ore has sagged 1.5% to $101.25 a tonne in Singapore,

Brent Crude is trading at $69.83 after losing more than -6.8% today,

Gold is trading at $3,145 per ounce, and, 

US natgas futures are at $4.11 per gigajoule.

That’s Market Open, I’m Isaac McIntyre, stick with us for HotCopper’s Market Update.

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The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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