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Published
July 12, 2018 07:40:27
As trade tensions between the United States and China continue to rise, almost all major badets plummeted – including the Australian dollar, gold, oil, base metals and global stocks.
ASX SPI 200 futures -0.1pc at 6.170, ASX 200 (close Wednesday) -0.7pc at 6.216
The United States acted as a catalyst after confirmed Wednesday that they were imposing additional duties of 200 billion US dollars.
The Dow Jones fell 219 points, or 0.9%, to 24,700. The S & P 500 closed down 0.7%, while the Nasdaq fell 0.6%
Europe has further worsened, with the Paris, London and Frankfurt markets each losing between 1, 3 and 1.5%.
The worst-performing market was Shanghai Composite, which fell 1.8%
ASX futures were down eight points, indicating that Australian equities are not the same. will not escape the downward spiral of global equities. Red Sea
As a result, the Australian dollar fell sharply, down 1.2 percent to 73.65 US cents. It also dropped to 55.8 pence British, 63.1 euro cents and 82.5 Japanese yen
The intensification of the trade war between the world's largest economies also weighed in on commodity markets
. 17, a barrel, its worst day in more than a year.
Spot gold also suffered a sharp decline, down 1.1% to US $ 1,241.76 an ounce
More to come
Topics: ]
business-economics-and-finance
motto,
the steps,
stock Exchange,
economic trends,
Australia,
United States
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