ASX hit by epic sell-off
The global sharemarket rout escalated with a record points drop for the Dow Jones Industrial Average which puts Australian stocks on track for their worst day in more than two years.
The S&P/ASX 200 Index fell 167 points at the open, for a drop of 2.8 per cent, to 5858.70 points. That followed a plunge on Wall Street that wiped out all of the US equity market's gains for 2018. The Dow Jones was smashed, down 4.6 per cent to 24,345 points and the volatility index ripped higher, to 37 points, the highest since 2015.
Read the full article on the Australian Financial Review.