Carnage on Wall Street this week, after hotter-than-expected US inflation data shattered hopes that cooling inflation and economic data meant the tightening phases for policy were peaking.
The ASX200 was not immune from the sell-off on Wall Street but was able to “outperform” in a relative sense, falling by only 2.6 per cent compared to the 5.5 per cent fall in the tech-heavy Nasdaq.
