Murray Olds: Australian correspondent on the Australian stock market bouncing back after earlier slump - Heather du Plessis-Allan Drive

Over in Australia, stocks have surged after an earlier crash brought about by Donald Trump's new tariffs. 

The ASX climbed more than 6 percent in early trade, while on Wall Street the S&P 500 climbed 9.5 percent.

Australian correspondent Murray Olds says this has prompted calls from economic experts to cut the OCR ahead of the Reserve Bank's next meeting.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.