Why is the stock market falling?
Global stock markets have taken a battering in 2022 over fears of high inflation, rising interest rates and economic recession. US technology share prices have been hit particularly hard, with the tech-heavy Nasdaq Composite Index falling by over 30% since November.
Why is Australian share market down today?
ASX and US stocks lose ground ahead of expected rate rise The Australian share market lost ground for the fourth day in a row as investors await a big interest rate rise by the US central bank, and as the Australian energy market operator suspends the wholesale electricity spot market to avert power shortages.
Which is the richest state in Australia?
New South WalesTop performing states New South Wales is the most consistent performer in wealth and income, and the only other state to have both income and wealth about the national average (12% on income and 13% on wealth).
Is ASX up or down today?
Markets. The S&P/ASX200 is lower today, dropping 28.70 points or 0.44% to 6,446.10 and setting a new 100-day low. The bottom performing stocks in this index are CHAMPION IRON LIMITED and CHALICE MINING LIMITED, down 10.28% and 9.51% respectively.