Australia’s benchmark ASX 200 index had a session to forget on Tuesday, closing the session down a whopping 3.82%.
Not only did it close at the lowest level seen since July 10, 2013, it also suffered the 18th largest one-day percentage loss in its 15-year history.
Excluding the 4.09% decline registered on August 24 this year – yet again sparked by heightened concerns over China’s economy – the only larger declines occurred during the global financial crisis, European debt crisis and the immediate aftermath of the September 11 terrorist attacks in 2001.
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