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ABC News
ABC News
Business
business reporter David Chau, wires

ASX drops to two-month low, Wall Street sinks ahead of likely US interest rate surge

Australian shares have dropped to their lowest level in two months, ahead of a US Federal Reserve meeting which is likely to result in another large interest rate hike.

The ASX 200 fell 1.6 per cent, to close at 6,700 points.

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