Listen to Australian and world news, and follow trending topics with SBS News Podcasts.
INTERVIEW: Economist Chris Richardson on turbulence on the world's markets
A person on the phone in front of indicator boards at the Australian Securities Exchange (ASX) in Sydney Source: AAP / BIANCA DE MARCHI/EPA
More than $100 billion has been wiped from the Australian stock exchange in its worst day since the beginning of the COVID-19 pandemic. Global stock markets painted an turbulent picture after closing on Monday and Tuesday, following speculation the US could be heading for a recession. Some analysts say these falls were corrections which had to happen after astronomical highs. SBS's Ciara Hain spoke with Economist Chris Richardson for more.
Share
Recommended for you
Import nation: How Australia went from eight oil refineries to two
war in the middle east
Australia's neighbour criticises Albanese and will 'definitely' ask China for fuel help
international relations
