$60bn wiped from Australian stock market on worst day for ASX in 18 months
(The Guardian Business News)

Labor accuses government of being `complacent´ about economy as ASX200 falls amid fears of a global recessionThe Australian stock market has suffered its worst day in almost 18 months after $63bn was wiped off the value of shares amid mounting fears of a global recession.The benchmark S&P/ASX200 index on Thursday tumbled 187.8 points, or 2.85%, to 6,408.1 points, while the broader All Ordinaries shed 186.7 points, or 2.8%, to 6,490.8 points. Continue reading...