Morning Report 11 Apr 25: US stocks plunge as trade war escalates

After a historic rally, Wall Street has posted significant declines amid escalating trade tensions, as the Trump administration raised tariffs on Chinese imports for a second consecutive day. The S&P 500 gave back gains from its best single-day performance in 17 years, while technology stocks—especially in the semiconductor sector—suffered steep losses. Investor sentiment turned risk-averse, with many moving away from the US dollar in search of safe-haven assets. Gold surged 3.5%, while oil prices slipped lower. Closer to home, SPI futures suggest the ASX 200 is set to open lower on Friday. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.