The ASX200 plunged 4.1% to the brink of the 5000 barrier on ‘Black Monday’ and the dollar also crashed 1% after fears about China gripped the markets More than $70bn has been wiped from the Australian share market as fears about China’s economy sparked its heaviest topple in six-and-a-half years and prompted warnings that the rout could continue.
A disastrous day on China’s main share market – dubbed “Black Monday” by the state news agency Xinhua – has added to fears that Australia’s top trading partner is faltering. Related: FTSE plunges as China sparks global markets crisis - live Continue reading...
Source: theguardian.com