MARKETS
‘Contagious’: Aus markets implode in chaos
By Cameron Micallef
It was a sea of red on the Australian sharemarket with more than $55bn wiped off in a single day’s trading.
Capping off a rough week for investors, the ASX 200 tumbled 190 points or 2.14 per cent near the end of trading on Friday.
All 11 sectors traded in the red, with technology stocks slumping 4 per cent while energy stocks dropped 3 per cent.
IG market analyst Tony Sycamore told NewsWire it was a broad market sell-off across all assets.
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