The Australian dollar was trading slightly higher by 5pm to buy 59.97 US cents after briefly reclaiming the 60 US cent-level, but it was still down on Tuesday afternoon's 60.14 US cents. The Aussie is ...

Another $48 billion in value has been wiped from the All Ordinaries top 500 as equities continue to buckle under an erratic and escalating trade war.

Australian shares suffered their biggest one ... its worst percentage fall since May 2020 — while the All Ordinaries shed 4.1 per cent, equating to nearly $110 billion in value being wiped ...