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| Name | What sparked the sell-off on global markets? | The Business |
| Video Uploader | Video From ABC News (Australia) |
| Upload Date | This Video Uploaded At 16-04-2024 06:15:02 |
| Video Discription | There's been a $50 billion sell off on the Australian sharemarket and markets in Asia have also been weighed down by the growing realisation interest rate cuts may be some way off. Subscribe: http://ab.co/1svxLVE The sell-off accelerated after China released a slew of economic data painting a mixed picture. JP Morgan Private Bank Global Market Strategist Julia Wang says the data reveals that while investment is driving economic growth, demand remains weak, and the economy will face stronger headwinds in the second half of the year. ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: http://facebook.com/abcnews.au Follow ABC News on Instagram: http://instagram.com/abcnews_au Follow ABC News on Twitter: http://twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia |
| Category | News & Politics |
| Tags | Australia | abc | abc news | news | China | economy | weak demand | investment | interest rates | auto industry | housing sector | retail | inflation | rate cut | sharemarket | sharp fall | Kirtsen Aiken | business | business news | the business | finance | finance news | Australia news |
