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.
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.
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