ASX

2024 - 8 - 5

ASX Takes a Nosedive – Is Your Wallet Scream-crying Yet?

ASX 200 -- asx news -- asx today ASX - investing - recession - stock market - technology stocks - Wall Street - ASX 200 - asx news - asx today

Brace yourselves, folks! The ASX is experiencing its biggest drop in over two years! Here’s why you shouldn’t panic-sell your shares just yet!

The Australian Stock Exchange (ASX) is having a wild ride and not the kind you'd want to experience at your local amusement park. In just two tumultuous days, the ASX plummeted by a staggering 3%, marking the worst performance the market has seen since the pandemic era back in 2022. The downturn comes hot on the heels of growing fears about a potential recession in the US, which sent ripples across Wall Street and subsequently, global markets, sending investors into a frenzy of sell-offs.

As investors scramble to make split-second decisions, the question remains: should you jump ship and sell your ASX shares? Business mogul Warren Buffett would likely advise you against it, reminding us that patience is a virtue even in turbulent times. Instead of panicking, he would suggest taking a breath, avoiding emotional decisions, and sticking with solid, long-term investments. And hey, wouldn’t you rather contemplate your next surf trip than fret over share prices?

Yet as the ASX took a hit, it’s not all doom and gloom—especially in the technology segment. Despite the market-wide downturn, the S&P/ASX 200 information technology sector managed to rise a modest 0.22% in July. It seems technology is still in the driver’s seat for 2023, showcasing resilience even in shaky economic climates. So, while your typical bank and miner stocks might be feeling a bit queasy, tech stocks are still cruising along the highway of success.

In a sobering twist, a whopping $82 billion was wiped off the ASX after the recent US jobs data was published, further shaking investor confidence. With major global markets—including Tokyo’s plummet of 7%—it’s clear that market vibes are off. As we brace for another shaky week, many investors are left asking: should they double down on banks and miners, or is it time to consider diversifying? Fear not, future investors; in the world of stocks, sometimes a turn in the tide can bring about unexpected opportunities!

Interesting fact: Almost 50% of the ASX is made up of bank and mining shares, so when these sectors sneeze, the whole market catches a cold! Meanwhile, the resilience of tech could be linked to an ever-expanding digital landscape where technology stocks are becoming a safe haven for investors. So keep those surfboards waxed and your portfolios diversified!

Post cover
Image courtesy of "ABC News"

Live updates: ASX plummets 3pc in worst two-day performance ... (ABC News)

live. Live updates: ASX plummets 3pc in worst two-day performance since 2022 after recession fears crunch Wall Street and global markets. By business reporter ...

Post cover
Image courtesy of "Motley Fool Australia"

Read this before you sell your ASX shares today (Motley Fool Australia)

With the ASX 200 Index tanking today, many ASX investors are selling their shares. Here's why you should do what Warren Buffett would instead.

Post cover
Image courtesy of "InDaily"

ASX tumbles amid US recession fears - InDaily (InDaily)

The Australian share market has suffered its biggest two-day sell-off in more than two years, after global recession fears continued to spook investors.

Post cover
Image courtesy of "Stockhead"

ASX Tech July Winners: Technology still top despite volatile July ... (Stockhead)

The S&P/ASX 200 information technology sector rose just 0.22% in July but continued its run as the top performing sector this year.

Post cover
Image courtesy of "Shepparton News"

ASX tumbles as US recession fears spark global sell-off (Shepparton News)

The Australian share market has suffered its biggest two-day sell-off in more than two years, after global recession fears continued to spook investors.

Post cover
Image courtesy of "Livewire Markets"

50% of the ASX is banks and miners. Should you bet against the ... (Livewire Markets)

Find out in this episode of Buy Hold Sell - featuring Henry Jennings from Marcus Today and James Gerrish from Market Matters.

Post cover
Image courtesy of "The Advertiser"

$82bn wiped off ASX after US jobs data (The Advertiser)

ASX tracks worst day in two years as major loss turn boards red. Global investors dump shares after US falls. Tokyo plunges 7 per cent. Technology stocks ...

Post cover
Image courtesy of "Finance News Network"

ASX to dive as Wall Street crashes (Finance News Network)

Another big drop is ahead for the ASX today (Monday) after Wall Street plummeted on Friday. The ASX 200 is expected to decline by 115 points this morning ...

Post cover
Image courtesy of "The Australian"

US recession fears spark ASX bloodbath (The Australian)

The ASX has opened the week in the doldrums, down about 3 per cent at noon, in a $82bn sell off sparked by US recession fears.

Post cover
Image courtesy of "The Sydney Morning Herald"

ASX plunges after recession fears rattle Wall Street (The Sydney Morning Herald)

Investors wiped more than $100 billion off the Australian sharemarket on Monday, plunging the ASX to its lowest point in two months.

Post cover
Image courtesy of "Motley Fool Australia"

Where I'd invest $5000 as the ASX market takes another leg down (Motley Fool Australia)

Just as many ASX investors feared it would over the weekend, the ASX stock market has opened to another calamitous day of trading so far this Monday.

Post cover
Image courtesy of "The New Daily"

ASX tumbles as US recession fears spark global sell-off (The New Daily)

The local share market is on track for its biggest two-day sell-off in more than fours years, after global recession fears continued to spook investors.

Post cover
Image courtesy of "Finance News Network"

ASX down 2.93% at noon: US recession fears loom (Finance News Network)

At noon, the S&P/ASX 200 is 2.93 per cent lower at 7,710.70. This dramatic fall is primarily attributed to escalating US recession fears ignited by ...

Post cover
Image courtesy of "Stockhead"

ASX Small Caps Lunch Wrap: The ASX is bleeding amid fears that ... (Stockhead)

Fears of a recession looming in the US have tanked local markets this morning, but a handful of goldies are making headway against the trend.

Post cover
Image courtesy of "The Guardian"

ASX loses $160bn in two days as US recession fears prompt sell-off (The Guardian)

Australian share market suffers worst two-day decline since start of pandemic as it tumbles 3.7% on Monday.

Post cover
Image courtesy of "WAtoday"

ASX plunges in worst day since 2020 as US recession fears rattle ... (WAtoday)

Investors wiped more than $80 billion off the ASX 200 on Monday, as fears of a recession in the US spooked investors.

Post cover
Image courtesy of "Stockhead"

Closing Bell: ASX struck down again as $100bn wiped out; tech ... (Stockhead)

Over $100 billion was wiped off the Aussie market in 2 days. Global markets fell sharply, while safe-haven assets like gold and the yen gained.

Post cover
Image courtesy of "The Northern Daily Leader"

'Sea of red': worst day for ASX in more than four years (The Northern Daily Leader)

The benchmark S&P/ASX200 index on Monday dropped 293.6 points, or 3.7 per cent, to 7,649.6 - its biggest single day fall since May 2020. That amounts to a loss ...

Post cover
Image courtesy of "Motley Fool Australia"

"ASX Crash"? What I'm doing next (Motley Fool Australia)

More important is not whether shares fall in the next few days but what they'll be worth in 5, 10 and 20 years' time.

Post cover
Image courtesy of "Motley Fool Australia"

This ASX dividend share could pay an 8% yield in 2028! (Motley Fool Australia)

This company could be an appealing ASX dividend share in the coming years, paying a high dividend yield and offering earnings growth.

Post cover
Image courtesy of "Education – Australian Associated Press"

'Sea of red': worst day for ASX in more than four years (Education – Australian Associated Press)

The benchmark S&P/ASX200 index on Monday dropped 293.6 points, or 3.7 per cent, to 7,649.6 – its biggest single day fall since May 2020. That amounts to a loss ...

Post cover
Image courtesy of "Canberra CityNews"

'Sea of red': worst day for ASX in more than four years | Canberra ... (Canberra CityNews)

The benchmark S&P/ASX200 index on Monday dropped 293.6 points, or 3.7 per cent, to 7649.6 – its biggest single day fall since May 2020. That amounts to a loss ...

Post cover
Image courtesy of "The Australian Financial Review"

ASX LIVE: Market sheds 3pc as recession fears spark sell-off; tech ... (The Australian Financial Review)

The sharemarket ended the session 3.7 per cent lower. Wall Street tumbles after July jobs miss. ResMed unscathed by market-wide rout. Follow here for more.

Post cover
Image courtesy of "The Australian Financial Review"

ASX to extend losses as global sell-off gathers momentum (The Australian Financial Review)

Selling washed across European markets and Wall Street as nerves frayed. S&P 500 tumbles 3pc. Dow sheds 1000 points. Bitcoin plunges. Follow updates here.

Post cover
Image courtesy of "SBS"

'Markets in meltdown': ASX set for more pain as global stock markets ... (SBS)

The Australian share market suffered its worst day in more than four years on Monday as rising fears of a US recession sparked global panic selling.

Post cover
Image courtesy of "Motley Fool Australia"

Buy this ASX tech stock that trades at an 'unjustified' discount (Motley Fool Australia)

This ASX tech stock could be undervalued by the market according to analysts at Goldman Sachs. Let's find out why...

Post cover
Image courtesy of "The Guardian"

News live: Australians to get access to streamlined entry through US ... (The Guardian)

Eligible Australians who sign up for the program would benefit from streamlined and expedited immigration and customs clearance channels on arrival into the US, ...

Post cover
Image courtesy of "ABC News"

Live updates: Magnificent Seven lose US$800b in value as global ... (ABC News)

The global sell-off has continued on financial markets overnight amid mounting fears of a worldwide recession. Meanwhile, the ASX is set to plunge ahead of ...

Post cover
Image courtesy of "Motley Fool Australia"

Is now the right time to buy ASX shares amid an impending recession? (Motley Fool Australia)

The threat of a potential recession is causing significant volatility with ASX shares. Is this a good time to invest?

Explore the last week