Market sell-off erases $60 billion from ASX | Finance Report | ABC NEWS
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Around $60 billion was wiped off the share market after the ASX 200 recorded its worst trading day since March 9, in the early days of the Iran War. AMP economists are predicting house prices in Australia's capital cities will fall by 10-15 per cent, making it worse than previous property downturns. Meanwhile, the Reserve Bank (RBA) says the rapid fall in property values is not a major risk to the nation's financial stability. Presented by David Chau. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-10-01/asx-markets-business-news-live-updates-thursday-1-october/107204216 Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia #ABCBusiness
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