Australian share prices plummet $45bn after Trump recession fears tank US market | Donald Trump

The Australian stock market decreased, raising more than $ 45 billion after the American markets started overnight on recession fears.

The S&P/ASX200 standard decreased more than 140 points, or about 1.79 %, to 7820.1 after jumping from Jurf at the beginning of Tuesday’s session.

The index of all broader orders decreased by about 1.9 %, or 156.4 points, to 8035.3 points.

The main index lost up to $ 45 billion in the market value, from the end of Monday, 2.6 Trine, in the first half of the trading day.

US President Donald Trump has participated in a state of uncertainty in the time of a future interrogation of growth of the world’s largest economy.

“The market’s reaction is currently with a number of factors, but things like Trump’s tariff fears that this may lead to economic slowdown,” said Souk Komsic analyst Stephen Daglian.

“The inability to predict the trade war was something that was burdened by the markets last week.”

Sunday – In the wake of the weak functions, the United States and inflation data – Trump could not say whether his protectionist policies could lead the United States to recession, sending shock waves across global markets.

Chinese reprisals are scheduled to enter the chosen American imports by Monday. Meanwhile, the US Congress is scrambling to agree to the draft spending law to avoid the closure of the government.

In Wall Street, S& P500 lost 155.21 points, or 2.69 %, ending at 5,614.99 points, while the NASDAQ technology compound lost 726.01 points (3.99 %) to 17,470.21. Dow Jones 890.63 points (2.08 %) decreased to 41,911.09.

The technology sale process affected the so -called “Seven” from Amazon, Apple, Meta and Google Malpoes, Microsoft, NVIDIA and Tesla, all less than 5 %.

Technical stocks represent nearly a third of the US stock market, and the only seven wonderful rating of 18 US ($ 29) in February, greater than the gross domestic product of any countries except the United States and China.

“When you have seven very large shares and have a great weight on affecting the broader market, you know this is clearly a threat,” said Daglian.

All 11 Australian sectors on the local stock exchange were red, led by stocks that decreased by 4.9 %.

The resource and financial data sector, which represents more than half of the stock market in Australia, decreased by the size of the company, by 2.0 % and 1.7 %, respectively.

Consumer estimated shares decreased more than 2 %, while all industrial shares, real estate and health care decreased by more than 1 % by midday.

The Australian stock market fell about 8.1 % of access to 8615 on February 14.

“Yes, we have decreased hard, but this is after record levels just weeks ago,” Daglian said.

The Australian dollar was buying 62.68 American cents, a decrease from 63.16 in the afternoon.