Shares
Updated
World markets
ASX loses over $50bn in value as recession fears spook markets
The Australian sharemarket is on track to post its biggest weekly loss in two years following a wipeout on Wall Street, as worries about a fragile global economy roar back to the fore.
- by Stan Choe and Lachlan Abbott
Latest
Updated
World markets
The Wrap: ASX extends losses ahead of US interest rate decision
The Australian sharemarket has fallen another 1.3 per cent with a looming US interest rate decision on the horizon.
- by Colin Kruger and Lachlan Abbott
Analysis
Sharemarket
Five ways to help your share portfolio beat market carnage, inflation
While rising prices are bad for many investments, there are some – such as energy and agriculture stocks – that analysts expect to do well over the next two years.
- by John Collett
The Wrap: ASX goes into correction with $80b rout
The Australian sharemarket plunged into correction territory on Tuesday after US inflation numbers indicated interest rates will need to rise more than financial markets expected.
- by Colin Kruger
Opinion
Opinion
The Mexican wave: Global sharemarket plunge hits Australia
The inflation virus is no longer just affecting the higher-risk tech stocks but also dragging down the tried and tested household names.
- by Elizabeth Knight
Updated
World markets
Bloodbath: ASX enters correction with over $80bn wiped off sharemarket
The Australian sharemarket plunged more than 5 per cent at the open, marking its worst day since March 2020, when COVID-19 rattled investors.
- by Colin Kruger
Updated
World markets
The Wrap: ASX posts worst weekly decline since April 2020
The ASX200 dropped below 7,000 points for the first in four weeks - down 1.25 per cent to 6,932 - ensuring the market had its biggest weekly decline for the year.
- by Colin Kruger
Updated
World markets
The Wrap: Tanking financials drag ASX down to four-week low
The local sharemarket has taken a hit as the banks’ losses continue and inflation worries rock Wall Street.
- by Damian Troise and Angus Dalton
Updated
World markets
The Wrap: Bank stocks slip on rate hike hangover
The major banks were the only sore spot of the day as investors continue to the digest the implications of the bumper rates hike by the RBA.
- by Angus Dalton
Bank shares drop as rate rise sparks bad debt fears
The RBA’s surprise 0.5 percentage point lift in interest rates has sparked fears of rising bad debts and a weaker housing market.
- by Clancy Yeates
The Wrap: ASX drops ahead of rates decision, Magellan flight hits $50b
The most significant number of the day was the $50 billion-plus of funds under management (FUM) which has now headed for the exits at Magellan Financial Group since November last year - along with its founder Hamish Douglass.
- by Colin Kruger