The Dow Jones closed down about six per cent, and the ASX 200 slid 340.2 points, wiping more than $100 billion from the boards and closing below 5000 points. The tumble comes one day after the Australian market recorded its best day since 1997. Mr Lucas told Sky News “the ferocity in it is astounding”.
“It’s not just the down days we’re talking about, it’s the up days as well, the up days are just as strong and wild as the down,” he said. “Markets, just like the rest of the world, are finding it very very hard to understand and predict what the future is going to look like. “It’s a very interesting, slash tough time.” Image: Getty
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