Aussie Shares Sink After Wall Street Plunge

Aussie Shares Sink After Wall Street Plunge
A workman is stumped while he erects the Australian Stock Exchange board in Melbourne, Australia, 28 August 2006. AFP/Getty Images
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The Australian share market has plunged for the second day in a row, snapping a string of six consecutive winning weeks as fears rose about a second wave of COVID-19 cases in the United States.

The S&P/ASX200 benchmark index regained some of its losses after being down as much as 3.4 percent before noon to close down 112.8 points, or 1.89 percent, at 5,847.8 points.

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