ASX loses $35b in worst day since Brexit
The Australian sharemarket suffered its worst day since the Brexit vote, with nearly $35 billion in value wiped off the board.
Jessica Sier writes on business, markets, news and real estate. Based in our Sydney newsroom, Jessica is also a multimedia producer.
The Australian sharemarket suffered its worst day since the Brexit vote, with nearly $35 billion in value wiped off the board.
Markets are set for a early losses on Monday following a sharp sell-off at the end of last week in Europe and the United States.
Australian shares were weaker for a fourth consecutive week after the ECB failed to extend its monetary stimulus program.
The ASX fell sharply as a shift in global sentiment prompted local investors to sell bank and mining stocks.
Investors have enjoyed the rush of demand for technology contractors, but fund managers say there's still room to run.
The fastest pace of economic growth in four years wasn't enough to convince investors to extend an early ASX rally.
Will a US rate rise dampen our commodity rally? Some experts say prices will recover after an initial hit.
A belated spring bounce pushed the ASX higher, despite a string of analyst downgrades that saw investors flee aged care stocks.
Resources stocks gave Australian equities a lift following the US Fed's decision to keep rates on hold.
One of the world's largest fund managers plans to pour more money into emerging market debt.
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