Benchmark S&P/ASX 200 falls by 4%, marking the single biggest one-day drop since Donald Trump’s ‘liberation day’ tariffs announcement Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Australian shares plunged on Monday, wiping about $13obn from the value of the ASX midway through the trading session, after a sharp rise in oil prices caused by the Middle East conflict sparked concerns of a breakout in global inflation. The benchmark S&P/ASX 200 was down 4% in lunchtime trading to dive below the 8,500 point mark, marking the single biggest one-day drop since the announcement of Donald Trump’s “liberation day” tariffs last year . Continue reading...