The ASX opened strong after the US interest rate rise buoyed Wall Street. But it hasn't cancelled out Tuesday's losses - ABC News
6/16/2022 12:00:00 AM2 years 10 months ago
by Dannielle Maguire
by Dannielle Maguire
It's been a dramatic few days on the Australian stock market, with steep losses followed by a brief rise on Thursday morning. But there are still more twists and turns to come.
A few days ago the American stock market saw massive falls over fears the US Federal Reserve would raise interest rates and spark a recession. Today, it raised rates by three-quarters of a percentag… [+5165 chars]
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