Australian Energy Stocks Plunge as Panic Selloff Expands

Australian Energy Stocks Plunge as Panic Selloff Expands

Australia's ASX energy index experienced a significant 8% drop as concerns about economic growth and oil demand, fueled by U.S. tariffs and OPEC+ supply increases, triggered widespread panic selling.

Australian shares hammered to worst loss in eight months

The S&P-ASX200 lost nearly 2.5 per cent on Friday before closing once more in correction territory at 7667.8 points amid growing shockwaves around Donald Trump’s US tariffs.

Australian shares take $35 billion hit

The Australian sharemarket took a $35 billion pounding in early trading today following major falls across...

ASX 200 LIVE: S&P 500 erases near $3trn on Trump tariff hit

Australian shares are set to fall 1.2pc. Megacap sell-off knocks 6pc off Nasdaq. S&P 500 sheds 4.8pc. Morgan Stanley sees US rate cut pause. Follow live.

Australian shares pare early losses after Trump dump

The Australian share market has closed lower, but recovered some from an early session bloodbath after worse-than-expected US...

Trump tariff barrage wipes out Aussie shares

US President Donald Trump’s barrage of tariffs on the world’s major economies pushed the Australian sharemarket into a sea of red on Thursday, as investors confronted the stark reality of an escalating breakdown in global trade.