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ABC News
ABC News
Business
Dannielle Maguire

ASX plunge: Here's what's happening in the Australian share market and why we're talking about recession again

Recession Australia United States Sue Lannin SP John Gunn Interest Rates Inflation RBA
There are fears a global recession is looming — and it has investors spooked.  (ABC News: John Gunn)

On Tuesday, the Australian share market fell by more than 5 per cent within the first 20 minutes of trading and, by the end of the day, nearly $90 billion had been wiped from it.

So it's safe to say it was a dramatic day at the Australian Securities Exchange (ASX), the share market operator.

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