ASX tumbles $70b in two days over global recession fears

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The Australian share market follows the lead from heavy selling offshore overnight, as fears of the escalating US trade disputes with Europe and China drag the global economy down.

, the ASX 200 had fallen by 2.2 per cent to 6,492 points.in two days, when yesterday's losses are factored in.It follows the heavy sell-off that occurred across foreign markets overnight., or 3.

1 per cent, in the last couple of days.worst manufacturing figures in a decadeIt appears the US-China trade war is starting to hurt America's economy, which had performed relatively strongly until this week.

Source: News Formal (newsformal.com)

 

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