After $4 trn losses last week, Australian shares fall 0.4% on Monday as US investor says markets have become ‘complacent’
Financial markets are braced for more volatility this week amid predictions from the world’s biggest hedge fund that a “big shakeout” is coming.
The Australian stock market was the first to test the water on Monday morning and one point was down 0.7%.
Bloomberg’s world market cap chart has looked rather scary for awhile.
The parabolic rise from 80 to 90 trillion was reversed swiftly and sharply.