ASX slips below 6000 after US GDP plunge; Aussie above US72c

Summary

• The benchmark ASX 200 fell by as much as 1.1% in early trade on a weak lead from Wall Street
• US investors were rattled by a 9.5% quarterly drop in  GDP. Volatility was further stoked when President Donald Trump proposed delaying the November 3 election 
• Facebook, Apple, Alphabet, and Amazon reported strong second-quarter results
• The Aussie dollar is trading just above US72c, a level not seen since February 2019