Published: October 09, 2018
Sharemarket suffers broad-based declines on global trade tensions and banking royal commission
Australia’s sharemarket has hit a four-month low as the escalating trade war between the United States and China and Europe, as well as heavy losses in local bank and health stocks, drag the market down.
The ASX200 – which tracks the 200 biggest publicly-listed companies in Australia – has lost 2.25% in value since Friday, having endured its worst one-day performance in seven months on Monday, with the losses extending into Tuesday.
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