Australian stocks crushed

Picture: US Navy

The Australian market has been hit by a global sell off.

The ASX200 fell below the key 5700 support level. At the close, the index was at 5,693.10, down 67.83 points or 1.18%.

On Wall Street, stocks fell hard overnight with the S&P500 closing 1.5% down following tensions between the US and North Korea.

This morning prime minister Malcolm Turnbull said Australia would come to America’s aid if North Korea attacks.

On the tocal market all sectors were in the red.

The ANZ was down 1.9% to $29.260 and Westpac 1.3% to $31.61.

Among the miners, BHP dropped 2% to $25.55 and Rio Tinto 2.8% to $63.18.

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