Australian shares are poised to hit a seven-month low to start Tuesday, following heavy losses in New York as recession worries hit growth stocks.
ASX 200 futures were down 70 points, or by 0.9 per cent, predicting the index would dip below 7900 for the first time since August. Futures pared earlier losses, as did US equities.
Source: https://www.afr.com/markets/equity-markets/wall-street-plunges-as-recession-risks-spike-20250311-p5lij0