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SYDNEY, AUSTRALIA - NCA NewsWire Photos NOVEMBER, 19, 2020: Digital market boards at the Australian Securities Exchange (ASX) in Sydney. Picture: NCA NewsWire/Joel Carrett

ASX tanks as investors bail

ASX has entered a technical ‘correction’ as investors dump stocks including CSL, CBA and Woodside. Evolution Mining and Silver Lake Resources were also battered, dropping more than 10 per cent.

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ASX bloodbath, $59bn wipeout

ASX bloodbath, $59bn wipeout

The ASX suffered a $59bn wipeout amid inflation and geopolitical jitters, ahead of key two-day meeting of the US Federal Reserve. Big four banks dropped between 2 and 3.6 per cent.

Original URL: https://www.ntnews.com.au/business/markets/page/196