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Rollercoaster ride as trade tensions flare

May 14, 2019 (The Australian - ABIX via COMTEX) --

Renewed trade tensions between the US and China have weighed on global sharemarkets, with Wall Street having its worst start to the month of May in nearly five decades. The S&P 500 has shed 4.6 per cent in the month to date, including a 2.4 per cent fall on 14 May. Australia's benchmark S&P/ASX 200 in turn closed 0.9 per cent lower after being down 1.5 per cent at one stage, and the Australian dollar reached a four-month low of $US69.40 during local trading..

Publication Date: 15 May 2019

STANDARD AND POOR'S 500 INDEX
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AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED - ASX ANZ
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UNITED STATES.  EXECUTIVE OFFICE OF THE PRESIDENT
BUSINESS COUNCIL OF AUSTRALIA
AUSTRALIA CHINA RELATIONS INSTITUTE
AMP CAPITAL INVESTORS LIMITED

By David Rogers and Glenda Korporaal and Nick Evans

Copyright 2019 Roy Morgan Research. All Rights Reserved.

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