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ABC News
ABC News
Business
business reporter Sue Lannin, wires 

ASX posts three-day losing streak, S&P 500 marks worst first-half-year drop in 50 years

United States Recession Inflation
The Australian share market is in correction territory.  (ABC News: John Gunn)

The Australian share market has lost about 10 per cent of its value over the past financial year because of the war in Ukraine, the COVID-19 pandemic, supply chain disruption, high inflation, rising interest rates, and worries about a global recession. 

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