ASX plunges with $130bn wiped from sharemarket amid spike in oil prices over Middle East crisis
Benchmark S&P/ASX 200 falls by 4%, marking the single biggest one-day drop since Donald Trump’s ‘liberation day’ tariffs announcement
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Australian shares plunged on Monday, wiping about $13obn from the value of the ASX midway through the trading session, after a sharp rise in oil prices caused by the Middle East conflict sparked concerns of a breakout in global inflation.
The benchmark S&P/ASX 200 was down 4% in lunchtime trading to dive below the 8,500 point mark, marking the single biggest one-day drop since the announcement of Donald Trump’s “liberation day” tariffs last year. Continue reading...
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