Australian stocks plunged more than two per cent after Donald Trump's tariffs announcement. -AAP Image
Australian shares have clawed-back some of the morning's losses after fears over US tariffs eased during the course of the session.
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The S&P/ASX200 was down 74.4 points, or 0.94 per cent, to 7860.1 as markets closed, while the broader All Ordinaries fell 78.7 points, or 0.97 per cent, to 8054.4.
Eight of 11 sectors were weaker into the close, with energy stocks, IT, real estate and materials stocks each shedding 1.9 per cent or more. The defensive consumer staples sector managed a 1.1 per cent gain.
The top-200 tanked as much as 2.1 per cent in early trading, the equivalent of almost $50 billion, after worse-than-expected US tariff announcement sparked a broad sell-off.
The Australian dollar was slightly lower against the greenback, buying 62.72 US cents, down from 62.94 US cents at 5pm on Wednesday.
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