How the Australian stock market could be on the verge of ‘pretty ugly’ crash

Australian investors should be braced for a “pretty ugly” stock market crash in the coming days as a result of Donald Trump’s wide-ranging tariffs.

Australian exports have been slapped with a 10 per cent tariff, causing ripple effects globally as a trade war looms.

Australian Finance Review economics editor John Kehoe told Ross and Russ investors should be prepared for the worst.

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“A bare market (crash) is typically fallen 20 per cent,” he said on 3AW Breakfast.

“If we get into a scenario, which is quite likely, where the market falls 20 per cent from its peak, that’s pretty ugly.”

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