ASX: Aussie market sell-off 'merely a blip'

(Image: Getty)

Wed, 07 Aug 2024

By Derek RoseThe Australian Securities Exchange's two-day drop over Monday and Friday was brutal, but investors should keep it in perspective, experts say.The 5.81% plunge took the ASX200 back to a level last seen in late May, wiping out all of the gains that had taken it to record highs.But it's hardly anything like the losses seen at the start of the pandemic. During March 2020 alone, the market on five days had single-day falls exceeding this two-day sell-off, with the worst a 9.7% plunge on March 16, 2020.There was also a vicious st...

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