Australian Shares Slip into Correction Territory Amid U.S. Tariff Concerns
Sydney, March 12: Australian shares extended losses on Wednesday, briefly entering correction territory as investor sentiment took a hit following reports that the White House had denied Australia an exemption from U.S. steel and aluminium tariffs. The S&P/ASX 200 index fell 1.2% to 7,793.6 as of 0001 GMT, after plunging as much as 1.6% earlier…