As it happened: Wall St rout triggers $50b ASX wipeout - Sydney Morning Herald

The ASX 200 closed 2.2% lower, down 159 points to 7205.6 after Wall St plunged overnight on stagflation fears. All sectors closed lower on Friday - and were down for the week - led by tech stocks and the property sector which has been hit hard by rising inter…

The Reserve Bank of Australia said it will need to raise interest rates further as unemployment is forecast to drop to the lowest level since 1974, fuelling wages growth and underpinning consumer-pri… [+2424 chars]

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