Australian stock market down nearly 4 percent due to global trade war fears, major sectors tumbling

From Nasdaq: 2025-04-06 22:49:00

The Australian stock market is down nearly 4 percent, with the S&P/ASX 200 index falling below 7,4000 due to global trade war fears. Major miners like BHP Group and oil stocks such as Woodside Energy are tumbling over 5 percent. Among tech stocks, Afterpay owner Block and Zip are sliding almost 10 percent. Gold miners like Evolution Mining are also losing ground. Big four banks like Commonwealth Bank and ANZ Banking are declining over 4 percent. The Aussie dollar is trading at $0.601 on Monday.



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