Fears of a slowdown in the world’s biggest economy sparked renewed concerns for global growth and pushed commodity producers deeper into a bear market, underscoring what the Future Fund described as a “finely balanced” dynamic for shares.
The S&P/ASX 200 Index sank 1.9 per cent on Wednesday to 7950.5 points after Wall Street suffered its worst session since the August 5 crash. Iron ore futures traded in Singapore fell 0.2 per cent to $US93.40 a tonne, extending a swift decline from $US100 last week.
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