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ASX loses $26b in Trump slump

Mar 23, 2017 - Australian Financial Review

A sharp overnight drop on Wall Street following concerns about US President Donald Trump's pro-growth agenda sparked the biggest slide on the local sharemarket since his election victory last November.

The benchmark S&P/ASX200 fell 1.6 per cent to 5684.5, shedding $26 billion in value, after the S&P500 fell 1.1 per cent, its first drop by more than 1 per cent in 109 sessions.

Sparking the falls were worries that the US President will not get his signature bill repealing Obamacare thr...