ASX officially enters a 'bear market' | Sky News Australia

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A $65 billion drop has sent the ASX into bear market territory despite an optimistic start to the trading day.

The announcement of a US stimulus package to combat the economic ramification of the coronavirus did little to calm jittery nerves with the local market closed 3.

6 per cent down to 5725.9. Sky News Business editor Ticky Fullerton said the result "is the fastest fall to create a bear market in Australia's history". Image: Getty

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