Published: December 10, 2018
Banks and financials the heaviest drag on the ASX as Australian tech stocks follow broad sell-off on Wall Street
The Australian share market has slumped to a two-year low, weighed down by the major banks as hopes for a trade resolution between the US and China continue to dissipate.
The benchmark S&P/ASX200 index was down 129 points, or 2.27%, at 5552.5 on Monday, while the broader All Ordinaries fell 2.26%.
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