There is a worldwide market sell-off, and Australia is not immune.
Australian shares are falling as the global share market sell-off continues. The ASX 200 fell by 0.9 per cent on Monday, October 27th, to close at 5,883. The Australian dollar also fell to $0.7308 against the US dollar.
What caused the global sell-off?
The reasons for the global sell-off are still unclear.
What is causing the fall in share prices?
The reasons for the fall in share prices are still unclear. But there have been reports of a possible Chinese economic slowdown and trade war with the US being cited as potential causes.
Why did Australia’s share market fall?
As of October 27th, Australia’s ASX 200 had fallen by 0.9 per cent over one day to close at 5,883 points. This was after opening at 5,913 points on Monday morning and hitting a low of 5,852 points during trading hours.
