The Australian sharemarket added almost $100 billion in value on Thursday after equities on Wall Street ripped overnight following US President Donald Trump’s decision to hit pause on reciprocal tariffs on more than 75 nations.
The S&P/ASX 200 Index was up 4.5 per cent, or 334.6 points, closing at 7709.6 and notching its best one-day gain in five years. The All Ordinaries climbed 4.7 per cent and the Australian dollar rebounded, nearing US62¢, buoyed by the burst in risk-on sentiment,
Source: https://www.afr.com/markets/equity-markets/asx-futures-wall-st-soar-on-trump-trade-war-reset-20250410-p5lqlu