$45bn ASX hit as trade war flares

Original article by David Rogers
The Australian – Page: 17 & 25 : 4-Dec-19

The Australian sharemarket recorded its third-biggest one-day fall in the year to date on 3 December; it was driven by factors such as the interest rate outlook and the latest tariff moves in the US. However, Kyle Rodda of IG Markets says the local bourse was overdue for a pullback after the recent strong gains. Wall Street and European stocks also fell sharply, although Asian markets recorded more modest declines, while the Australian dollar reached a three-week high. Richard Coppleson of Bell Potter still expects the local market to reach a new record high by the end of 2019.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, IG MARKETS LIMITED, BELL POTTER SECURITIES LIMITED, RESERVE BANK OF AUSTRALIA

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