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SYDNEY, AUSTRALIA: NewsWire Photos: MARCH 18 2024:  A general view of the digital boards at the ASX in Sydney. Picture: NCA NewsWire/ Gaye Gerard
Business

High markets ‘disconnected’ as geopolitics hit home

Stock markets are ‘disconnected’ as they remain at near record highs despite surging bond yields and the outlook for interest rates and geopolitics is starting to hit market sentiment, a top strategist warns as the Australian market has its worst two-day fall in six months.

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SYDNEY, AUSTRALIA - NewsWire Photos AUGUST 18, 2022: General coverage of the Australian Stock Exchange at the ASX in Sydney today. Picture: NCA NewsWire / David Swift

ASX dives 2.6pc in $61bn wipeout

ASX 200 records its biggest daily fall since June as hot US CPI data sparks global sell-off. Nomura ups RBA rates peak Lake Resources smashed on Lilac dispute and six stocks gain.

Original URL: https://www.couriermail.com.au/business/markets/page/198