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Global stock market crash wipes billions off ASX
Publisher |
ABC Podcasts
Media Type |
audio
Categories Via RSS |
Daily News
News
Publication Date |
Aug 05, 2024
Episode Duration |
00:07:48

The pain from yesterday's horror day on the share markets in the Asia-Pacific has been replicated around the world overnight.

Wall Street has suffered its worst day in nearly two years after a global sell-off,  Australia's share market suffered its worst day since 2020, with more than 80 billion dollars wiped off the ASX. While in Japan the Nikkei suffered its biggest single day loss ever, and at the heart of this is fear of a recession in the US.

  • Guest: David Bassanese, Chief Economist at Betashares

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