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ABC News
ABC News
Business
business reporters Sue Lannin, Samuel Yang and wires

ASX down nearly 4 per cent after Wall Street sell-off on inflation fears, S&P 500 falls into bear market

Inflation United States US Federal Reserve Recession
The Australian share market plunged on Tuesday after an inflation-fuelled rout on Wall Street.  (ABC News: John Gunn)

The Australian share market has plunged on Tuesday, wiping tens of billions of dollars off the value of shares after global markets sank on worries that aggressive interest rate hikes by the US central bank could push North America into recession.

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