Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 3AW account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 3AW content and other benefits.


Joining is easy.

Advertisement
Advertisement
Advertisement

Almost $60 billion wiped from Australian stock market in ‘horror’ day

Tom Elliott
Article image for Almost $60 billion wiped from Australian stock market in ‘horror’ day

It’s been a horror day on the Australian share market, with almost $60 billion wiped from the value of the market.

And things could yet get worse.

3AW finance editor Ross Greenwood told Tom Elliott it had been absolute carnage.

The market is at a two-year low.

‘Commodity prices have been smashed overnight,’ Greenwood said on 3AW Drive.

‘There is genuine concern for the future of Australia’s third largest mining company ? Glencore ? whose fate appears to be hanging in the balance.’

Greenwood said there were two major factors behind the fall.

LISTEN: Ross Greenwood and Tom Elliott discuss the collapse

 

Tom Elliott
Advertisement