Albanese calls Dutton’s Aukus comments ‘irresponsible’ – as it happened

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Australian shares are poised to open sharply lower this morning, as concerns about Donald Trump's unsettling policy shifts and deteriorating trade relations between the world's two biggest economies take hold.

Futures prices are pointing to a 1.6% fall in the benchmark S&P/ASX 200 to 7,590 points when it opens later this morning, after a sell-off on Wall Street overnight.