About $50b wiped off ASX, Aussie dollar hits fresh five-year low

The Australian stock market suffered a broad sell-off on Monday as markets around the region tumbled in response to the US imposing steep tariffs on Canada, Mexico and China. The Australian dollar dropped below 61 US cents. The Australian stock market suffered a broad sell-off on Monday as markets around the region tumbled in response to the US imposing steep tariffs on Canada, Mexico and China. The Australian dollar dropped below 61 US cents. Stock Market, Financial Markets, Currency, Company News, Business, Economics and Finance, Economic Trends and Indicators, Cryptocurrency Latest business news