The ASX200 plunged 4.1% to the brink of the 5,000 barrier on ‘Black Monday’ and the dollar also crashed 1% after fears about China gripped the markets
More than $70bn has been wiped from the Australian share market as fears about China’s economy sparked its heaviest fall in six-and-a-half years and prompted warnings that the rout could continue.
A disastrous day on China’s main share market – dubbed “Black Monday” by the state news agency Xinhua – has added to fears that Australia’s top trading partner is faltering.
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Source: The Guardian Circular Economy RSS