From www.sbs.com.au: Australian superannuation accounts have declined due to a significant drop in the stock market, linked to U.S. President Donald Trump’s imposition of tariffs on steel and aluminum exports.

The S&P/ASX 200 index lost a total of $59 billion over two days, leading to concerns about the market’s correction and its impact on superannuation investments, which are heavily linked to share market performance.

Despite short-term dips, experts suggest that superannuation is a long-term investment that can ultimately withstand market volatility, especially for younger Australians with more time to recover.