ASX takes $69b hit, Aussie dollar tumbles as inflation shock sinks Wall Street stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
Australian shares closed lower on Monday,
dragged by tech and gold stocks, with investors now eyeing the
Reserve Bank of Australia s policy meeting where it is expected
to raise interest rates. . | June 6, 2022
The Australian share market s benchmark S&P/ASX200 bled $67billion in the first hour of trade following a 2.5 per cent plunge. Interest rate rise fears are spooking investors.