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Australian shares dive as bond market fears take hold
Financials, energy and raw materials led the sell-off as investors reacted to higher global borrowing costs and weaker Chinese stimulus.
Summary by The West Australian
4 Articles
4 Articles
ASX sinks to four-month low, $50b wiped off share market
The Australian share market has dropped by more than 1.8 per cent after Wall Street closed mostly lower as US bond yields rebounded. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
·Ultimo, Australia
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ASX 200 Plunges Nearly 2% to Four-Month Low as Surging Bond Yields Wipe Billions From Australian Shares
Australian shares fell nearly 2% to a four-month low as rising bond yields, elevated oil prices and a late Wall Street sell-off weighed on investor sentiment.
·New York, United States
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Total News Sources4
Leaning Left1Leaning Right1Center1Last UpdatedBias Distribution34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
Factuality
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