ASX news: $54 billion wiped from share market in minutes – NEWS.com.au

The Australian share market has tumbled today, losing $50 billion in a small 30-minute window, taking an almost 3 per cent dive by lunchtime. At 1pm today, the ASX 200 dropped 167 points to 5946, taking a 2.7 per cent dive, wiping out all its gains from the past month.
The sudden drop is on the back of Wall Street floundering overnight with its worst one-day fall in three months.
The Dow Jones plummeted 800 points in its biggest sell-off since June, hammered by a sell-off in tech stocks.
The …

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