ASX: Australian shares in correction territory after brutal selling - The Australian Financial Review
6/13/2022 12:00:00 AM2 years 10 months ago
by Emma Rapaport, Richard Henderson, Alex Gluyas, Michael Read
by Emma Rapaport, Richard Henderson, Alex Gluyas, Michael Read
Stubbornly high US inflation and Fed fears have triggered an indiscriminate sell-off in Australian shares as markets reel from their worst day since March 2020.
Forager Funds chief investment officer Steve Johnson said the drop for Australian shares reflected the fact investors were beginning to position for a US recession, which would lead to weaker corpora… [+4732 chars]
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