Australian share market suffers worst two-day decline since start of pandemic as it tumbles 3.7% on Monday
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Australia’s share market has suffered its worst day since the onset of the pandemic as fears of a US recession prompted investors to exit their positions, erasing more than $100bn in value from local stocks.
A sea of red overwhelmed the local market on Monday, with the benchmark S&P/ASX200 index down by 3.7% to 7,649 at the close.
Continue reading…Australian share market suffers worst two-day decline since start of pandemic as it tumbles 3.7% on MondayGet our morning and afternoon news emails, free app or daily news podcastAustralia’s share market has suffered its worst day since the onset of the pandemic as fears of a US recession prompted investors to exit their positions, erasing more than $100bn in value from local stocks.A sea of red overwhelmed the local market on Monday, with the benchmark S&P/ASX200 index down by 3.7% to 7,649 at the close.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…