Business
ASX sheds $48b in 2.6% opening dive; Wall Street battered overnight – The Sydney Morning Herald
The ASX 200 plunged more than 150 points to dip back below 6000 at Friday’s open. Wall Street was savaged overnight in the worst one-day performance since June.
The Dow Jones fell 2.8 per cent, the S&P 500 lost 3.52 per cent, and the Nasdaq Composite dropped 5 per cent. It sets up the ASX for heavy losses, with futures at 8.30am AEST pointing to a drop of 119 points, or 2 per cent, at the open.
The pullback comes a day after the S&P 500 and the Nasdaq closed at record levels and the Dow came within 1.5 per cent of its February peak, powered by fiscal and monetary support hopes for a swift economic recovery. But some participants said investors …
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