NOTABLES ARE NOT ENDORSEMENTS
FINAL
#21254
>imagine companies paying for their employees to kill their babies
follow that thought, anon
kwee benny
Yes. A thousand thank yous.
Does HE?
ASX smashed with a 2.5 per cent drop after horror week as recession fears deepen
Any hope of recovery after a horror week for the economy is being dashed, as the nation’s biggest companies are seeing their values drop again.
Any small hope of recovery after a horror week for the Australian economy will be dashed today, after global markets saw heavy losses and the Australian Stock Exchange took a dive in early trading.
In what looks to be a very difficult Friday, Australian shares have dropped 2.5 per cent in the first 30 minutes of tradingas rising interest rates in the US, the UK and Switzerland in the last 24 hours stoked recession concerns.
The Australian market had steadied after Tuesday’s bloodbath, but a small amount of optimism looks to have vanished this morning — with the top 200 companies on the ASX now worth 8.36 per cent less than they were just five days ago.
All sectors are lower — with tech faring the worst. That sector has dropped 3.8 per cent as shares in Afterpay-owner Block sank 7.2 per cent in early trade.
The big four banks are all in the red - CBA falling 3.3 per cent, ANZ down 2.2 per cent, NAB 2.8 per cent and Westpac 2 per cent.
https://www.news.com.au/finance/markets/australian-markets/asx-to-be-smashed-with-a-226-per-cent-drop-after-horror-week-as-recession-fears-deepen/news-story/2b8f136abc0453af57ca769da647f0c4