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ABC News
ABC News
Business
business reporter Sue Lannin, wires

ASX falls 2pc and Wall Street plunges amid recession fears, UK hikes interest rates

Recession Interest Rates Switzerland
The ASX has followed Wall Street lower on renewed recession fears after rate hikes by European central banks. (ABC News: Sue Lannin)

The Australian share market plunged 2 per cent deeper into correction territory after global markets were spooked following interest rate increases in Europe, which renewed fears about a recession. 

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