Is this the contemporary version of ‘Let them eat cake’?
At 10.17am (AEST), the S&P/ASX200 had lost 257.5 points to 4549.9. The broader All Ords had lost 260.4 points to 4578.8.
The value of the All Ords index had fallen about $63.5 billion.
Our Prme Minister says ‘we are in a strong position’ to weather all this. Really?
US market traders faced their worst nightmare.
$1.2(USA) Trillion LOST. 1st time ever.