Trump’s second honeymoon sets rocky markets scene

News Snapshot:

Four weeks was all it took to wipe more than $240 billion from the Australian share market’s top 200 $2.8 trillion combined market cap. The ASX200 has been heading south since hitting an all-time high on Valentine’s Day and has lost roughly 10 per cent since. Anemic earnings, particularly in Australia’s big four banks, followed by an unwind of outperforming US equities and tech giants from potentially over-extended price levels kicked-off what looked like a necessary minor correction. With markets already trading downwards, US president Donald Trump poured fuel on smouldering market uncertainty by imposing, delaying, doubling and threatening new...