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AAP
AAP
Business
Derek Rose

Australian shares slide as tariff shockwaves hit copper

copper United States Donald Trump ASX Flight Centre
Mining shares have weighed on the Australian bourse after a US tariff announcement on copper. (Dean Lewins/AAP PHOTOS)

The local share market has slipped from near-record levels as copper prices plunged following a surprise US tariff decision, pressuring miners of the red metal.

The benchmark S&P/ASX200 index on Thursday dropped 13.6 points, or 0.16 per cent, to 8,742.8, while the broader All Ordinaries dipped 16.4 points, or 0.18 per cent, to 8,999.0.

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