ASX: Australian shares plunge as fears rise over US outlook

(Image: Getty)

Thu, 05 Sep 2024

By Derek RoseThe Australian share market has plunged on renewed concerns about the health of the world's largest economy. The benchmark S&P/ASX200 index on Wednesday finished down 152.7 points, or 1.88%, to a nearly three-week low of 7,950.5, while the broader All Ordinaries dropped 165.7 points, or 1.99%, to 8,157.0.The losses came after an even steeper drop on Wall Street, where the S&P500 fell 2.1%and the Nasdaq retreated 3.3% following the release of the Institute for Supply Manufacturing's report showing a decline in...

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