Nowhere to hide as markets lose faith in soft landing
Investors aren’t selling the usual beaten-up suspects, like tech stocks. They’re now selling the stocks they love most - such as banks and energy - in a sign this bear market is deepening.
The magnitude of selling is ugly, but it’s the breadth of the panic we are seeing on global markets that is most striking.
The ASX 200 joined the global rout on Tuesday morning, diving 5 per cent in early trade as a wave of selling enveloped every sector, from technology to industrials.
Loading...
James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
