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Australian share market loses nearly $60 billion on open

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The Australian share market plunged almost 2.6 per cent within minutes of opening today, with spooked US investors causing a major slump on the ASX. 9News

plunged almost 2.6 per cent within minutes of opening today, wiping out an estimated $58 billion worth of value from the market.

Just minutes after the market opened this morning, the benchmark S&P/ ASX 200 was down 180 points or 2.57 per cent to 6829.5 points.The Australian share market plunged almost 2.6 per cent just minutes after opening today. Local shares are plunging after the US revealed higher-than-expected inflation data, further prompting fears of greater interest rate hikes.

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Australian share market loses nearly $60 billion on openThe Australian share market plunged almost 2.6 per cent within minutes of opening today, with spooked US investors causing a major slump on the ASX. 9News DETAILS: Global Financial Crash is on the very near horizon. Conspiracy theorists aren't so crazy now are they. . Thank you America for f...king up Australia. The great reset is upon us
Source: 9NewsAUS - 🏆 10. / 72 Read more »