Investors were spooked by inflation figures, particularly for US consumer prices. Last week the government reported that inflation had increased to an annual rate 8.6% in May, the most since December 1981, and more than the 8.3% markets had expected.
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ASX: Australian stocks drop more than 5% after global sell-off on inflation fearsBenchmark ASX200 index falls 360 points in the first 15 minutes of trading as investors are spooked by interest rates rise, inflation and slower growth Meanwhile Lol
Source: The Guardian - 🏆 84. / 53 Read more »
ASX: Australian stocks drop more than 5% after global sell-off on inflation fearsBenchmark ASX200 index falls 360 points in the first 15 minutes of trading as investors are spooked by interest rates rise, inflation and slower growth Meanwhile Lol
Source: The Guardian - 🏆 84. / 53 Read more »