Australian Markets Hit Hard as ASX Sheds $100B in Value
On Monday, March 9, 2026, the Australian Securities Exchange (ASX) experienced a dramatic sell‑off that rocked the entire market. By midday, more than $100 billion in total market value had been wiped out, one of the steepest declines in recent years. The sell‑off was driven by a mix of geopolitical turmoil, surging oil prices, and fear‑driven trading, leaving investors unsettled and markets sharply lower.
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