Asian stock markets fought to hold their footing on Tuesday after a furious flight from US assets undermined Wall Street and the dollar, while concerns about the independence of the Federal Reserve piled fresh pressure on Treasuries.
Gold prices have reset record highs while stocks slid as investors fret over tariffs and President Donald Trump's criticism of the Federal Reserve chair.
While substantial confusion remains over the White House’s trade objectives, a clearer picture is starting to emerge of what tariff negotiations could look like.
Australian shares have climbed sharply in early trade, with IT stocks gaining — despite confusion over a White House tariff exemption for the import of smartphones, computers and laptops.
JACKSON HEWETT: The trade war reached terrifying new heights overnight with investors in Australia’s $2.5 trillion bond market now contemplating the prospect of a grim new financial crisis.
The carnage on markets is beginning to uncover some bargains. But in a fast-evolving environment, picking the right stocks can be a minefield. Here’s what you need to know.
The US President’s triple tariff backflip with a twist has sent markets skyrocketing as the horror that investors had envisaged has lifted — for now. But don’t read too much into it.
From Tuesday evening to Wednesday afternoon, Trump and his trade advisers spoke to several Republican lawmakers and top foreign leaders who raised concerns about the faltering global markets.
Australian shares have skyrocketed after US President Donald Trump declared a 90-day tariff pause for many countries, bringing some relief to investors.
US President Donald Trump has spectacularly backflipped on his newly announced higher tariffs, granting a 90-day pause for most countries while escalating a trade war with China.