Business
Dow Jones drops 800 points with Wall Street suffering biggest sell-off since June – ABC News
Australian shares are set to tumble after Wall Street experiences its steepest one-day fall in three months, as investors dump high-flying technology stocks.
Australian shares are set to tumble after Wall Street experienced its steepest one-day fall in three months, as investors dumped high-flying technology stocks.
Key points:
- The Nasdaq has climbed 67pc above its March lows (even after today’s drop)
- The ASX 200 has lifted 38pc since its low point in March
- The Australian dollar hit a two-year high of 74.13 US cents, earlier this week
ASX futures were down 119 points (or 2 per cent) by 8:30am AEST.
The Australian…
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