The local share market is on track to notch up a five-week high on the back of a quiet session in the U.S. as investors await the release of inflation data. At noon AEST on Wednesday, the benchmark S&P/ASX200 index was up 42.5 points, or 0.6 percent, to 7,352.4. The broader All Ordinaries was up…
Australian Stock Market Drops to 19-Month Low
The Australian Securities Exchange (ASX) has plummeted to the lowest level since November 2020 as international markets fell due to intensified worries about the world economy. As of noon on June 17, the benchmark S&P/ASX200 index dropped 2.23 percent to 6,452.9, while All Ordinaries went down 2.12 percent to 6,641.7. “The backdrop for equities right…
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