Fund managers say they are looking for signs of truce in looming trade war between US and China as market climbs 1.5%
Election 2025 live update: Australia’s federal election campaignGet our afternoon election email, free app or daily news podcast
Investors have piled back into Australian shares, even as a showdown looms between the US and China in a tariff battle that threatens to paralyse global trade.
The benchmark S&P/ASX 200 was up 1.5% in early afternoon trading on Tuesday, erasing some of the steep losses suffered a day earlier when the share market recorded its worst session in five years.
Sign up for the Afternoon Update: Election 2025 email newsletter
More Stories
‘A win-win for farmers’: how flooding fields in north-west England could boost crops
Soviet-era spacecraft expected to plunge uncontrolled to Earth next week
‘Blackouts can happen anywhere’: how power systems worldwide can collapse