ASX records heaviest two-day fall in three-and-a-half months – NEWS.com.au

Global sell downs prompted Australias sharemarket to nosedive, recording its biggest two-day fall in three-and-a-half months, with a favourable budget unable to boost sentiment. The S&P/ASX 200 index slumped 52 points, or 0.7 per cent, to 7044.9, while the broader All Ordinaries index tumbled 50.5 points, or 0.7 per cent, to 7281.1.
At the close of the session, the Australian dollar was fetching 78.06 US cents and the spot gold price was $US1831.65 an ounce.
On Wall Street, the Dow suffered its…

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