Your afternoon Briefing: ASX takes $50bn wipeout

Good afternoon, readers. Stocks plunge in global bloodbath and Peter Dutton claims asylum-seekers resettled in the US complain about conditions.

Good afternoon, readers. Stocks plunge in a global bloodbath and Peter Dutton claims asylum-seekers resettled in the US are complaining about conditions.

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ASX joins global bloodbath

Stocks have plunged in a global bloodbath, notching their biggest drop since February and hitting their lowest since October 2017. Australian software company Atlassian took a hit, losing $1 billion overnight.

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Minister for Home Affairs Peter Dutton during Question Time in the House of Representatives at Parliament House in Canberra, Wednesday, October 24, 2018. (AAP Image/Mick Tsikas) NO ARCHIVING

Refugees whinge about US: Dutton

Refugees sent from Nauru to the US are complaining their new country ‘is harder than they thought’, Peter Dutton says.

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Katter's Australian Party Member for Kennedy Bob Katter at a press conference at Parliament House in Canberra, Thursday, October 25, 2018. (AAP Image/Mick Tsikas) NO ARCHIVING

Clearly racist: Katter boots Anning

Controversial senator Fraser Anning has been cut loose from his second political party in a year, dumped today from Bob Katter’s Australian Party.

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Undated pic of (L-R) : Lewis, Joe (father) and Barry Saragossi, of G. James Glass (Barry died March 2001)

Business leader faces charges

One of Queensland’s richest men has been charged with indecent treatment of a child in the 1990s.

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Central American migrants walking to the U.S. start their day departing Ciudad Hidalgo, Mexico, on Sunday, Oct. 21, 2018. Despite Mexican efforts to stop them at the border, a growing throng of Central American migrants resumed their advance toward the U.S. border early Sunday in southern Mexico. (AP Photo/Moises Castillo)

Migrants ride to Trump’s rescue

The prospect of several thousand poor migrants committed to setting up home in the US has alarmed voters and energised Republicans, writes Gerard Baker.