ASX suffers worst day in almost six months; Dow Jones falls 560 points as GameStop rebounds again
Posted
ThuThursday 25
updated
FriFriday 26
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Australian shares have wiped out nearly all of this month s gains, following a tech sell-off on Wall Street though meme stocks like GameStop defied the trend with another massive surge overnight.
Key points:
The Australian dollar hit a three-year high (80.07 US cents), before dropping sharply
The Nasdaq suffered its worst day since October after the overnight tech sell-off
The benchmark ASX 200 index lost 160 points (or 2.4 per cent) to close at 6,673.
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