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AAP
AAP
Business
Adrian Black

Alarm over tariffs sends Australian shares $42b lower

Australian shares have closed down as investors fret over 'Liberation Day' tariffs. (Joel Carrett/AAP PHOTOS)

The Australian share market has sold off as incoming tariffs ratchet-up fears of a US recession and deepen investor concerns about global growth.

The S&P/ASX200 lost 138.6 points, or 1.74 per cent, to 7,843.4, while the broader All Ordinaries gave up 142.3 points, or 1.74 per cent, to 8,053.2.

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