BUZZ-Australia's benchmark index enters correction territory** Australia's benchmark index .AXJO drags 1.6% to 7,766.3 points, set for its lowest level since August 9, if losses hold
** The index enters correction territory, down 10% from its record high seen on February 14
** All major sectors, except gold, currently trading in red
** Bourse operator ASX ASX.AX falls 3.3% to A$63.26
** Banks .AXFJ slump 1.7% with Commonwealth Bank of Australia CBA.AX dropping close to 2%
** Investor appetite dampened in Australia after local media reported the White House has confirmed no exemptions for the country from U.S. steel and aluminium tariffs
** AXJO down 4.5%, YTD
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.