India, April 6 -- The Australian stock market is trading sharply lower tumbling on Monday, adding to the sharp losses in the previous two sessions, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is tumbling more than 6 percent to below the 7,200.00 level, with strong losses across all sectors led by mining and energy stocks as the global trade war ignited by the U.S. raises fears of a global recession.
The benchmark S&P/ASX 200 Index is losing 484.60 points or 6.32 percent to 7,183.20, after hitting a low of 7,177.30 earlier. The broader All Ordinaries Index is down 490.20 points or 6.25 percent to 7,357.40. Australian stocks closed sharply lower on Friday.
Among the major miners, BHP Group...