Biden's big news, IT outage drags ASX to 11-day low

(Image: Getty)

Tue, 23 Jul 2024

By Derek RoseThe Australian share market has suffered its third-straight day of losses, falling to an 11-day low amid President Joe Biden's decision to withdraw from the US election, as well as increased fighting in the Middle East and a global IT outage.The benchmark S&P/ASX200 index on Monday finished down 39.9 points, or 0.5%, to 7,931.7, its lowest finish since July 11. The broader All Ordinaries dropped 42.8 points, or 0.52%, to 8,166.4.Prediction markets were anticipating that Vice President Kamala Harris would be the US Democrati...

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