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Aussie Market Plummets $50B Amid Trade War Uncertainty

3/13/2025

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Summary

Story summary

The Australian share market dropped over $50 billion in two days, with the S&P/ASX 200 declining 1.3% due to US tariffs.
Analysts predict a potential bear market, with a 15% correction likely amid trade war uncertainties.
Prime Minister Albanese labeled US tariffs as "unjustified," calling for improved treatment of allies.
Experts recommend diversifying investment portfolios to reduce risks during market fluctuations.

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Story summary

The Australian share market dropped over $50 billion in two days, with the S&P/ASX 200 declining 1.3% due to US tariffs.
Analysts predict a potential bear market, with a 15% correction likely amid trade war uncertainties.
Prime Minister Albanese labeled US tariffs as "unjustified," calling for improved treatment of allies.
Experts recommend diversifying investment portfolios to reduce risks during market fluctuations.