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Market Close 02 Aug 24: ASX records worst day since March 2023
Manage episode 432006261 series 3531694
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The Aussie share market experienced its worst day of the year, with almost 90% of stocks in the red. This decline followed two consecutive days of record highs and could be attributed to profit-taking by investors. The US market also saw a slump, particularly in technology stocks, due to disappointing economic data. Key events to watch next week include the upcoming US jobs data and the Reserve Bank of Australia's interest rate decision.
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