The Australian share market has plunged by more than 2 per cent in early trading following a bloodbath on Wall Street overnight. At 10:15am AEDT on Thursday, the ASX200 index was down by 122.5 points to 5,927.5.
It came after Wall Street stocks plunged Wednesday, with major indices losing more than three per cent in a sell-off prompted by the sudden jump in US interest rates and increasing trade worries.
“Fear is rising,” says chief investment officer at Cumberland Advisors David Kotok. “Investors are getting a wake-up call.”
Read the full article at The Queensland Times.