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1.Market Observations

4 Oct 2019 (TheAge) – ASX: ‘Heaven help us’: Fears of further volatility after ASX pummelled again

(4 October 2019, The Age, Business, p20, By David Scutt)

S&P/ASX 200 (XJO) index daily candle chart (Brainy)

S&P/ASX 200 (XJO) index daily candle chart (Brainy)

‘Global growth fears, trade tensions between the United States and European Union and stretched valuations combined to send Australian shares tumbling for a second consecutive session on Thursday, wiping more than $40 billion in value from the nation’s top companies. The S&P/ASX tumbled 2.2 per cent, or 147 points, to close at 6493.0, its largest one-day percentage decline since mid-August.’


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