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Australian Stocks, Currency Reel as Growth Fears Grip Markets

Summary by Bloomberg
The global flight to safety pummeled Australia’s markets Friday, with stocks set to enter a correction and traders ratcheting bets on quick rate cuts to shield the economy from the impact of US trade tariffs.

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ABC AustraliaABC Australia
Lean Left

'Deals to be had' as US tariffs send steel prices plummeting

Some Australian steel businesses have seen the price of steel drop sharply in the wake of Donald Trump's steel tariffs, but there are fears the glut of imported steel is threatening the viability of Australian manufacturers.

·Australia
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Sydney Morning HeraldSydney Morning Herald
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The AgeThe Age
Lean Left

‘Someone has to pay’: Battle-weary Australian fashion labels bruised by Trump tariffs

Australian fashion brands expect a hit on the $28 billion industry, but some canny business leaders are looking for upside in the turmoil.

·Sydney, Australia
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SBS NewsSBS News
Lean Left

$2.5 trillion wipeout: What does the market turmoil mean for Australian investors?

Stock markets around the world nosedived following Donald Trump's tariff announcement. Here's what it means for Australian investors.

·Sydney, Australia
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BloombergBloomberg
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Cryptocurrency News | Cryptocurrency Prices | Market CapCryptocurrency News | Cryptocurrency Prices | Market Cap
Lean Left

Australian Stocks, Currency Reel as Growth Fears Grip Markets

The global flight to safety pummeled Australia’s markets Friday, with stocks set to enter a correction and traders ratcheting bets on quick rate cuts to shield the economy from the impact of US trade tariffs.

·United States
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Bloomberg broke the news in United States on Friday, April 4, 2025.
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