Market Close Jun 14, 22: ASX 200 Drops To 16 Month Low

The Australian stock market plunged 3.55% on Tuesday, its worst day since May 2020 and enough to drag the ASX 200 to its 16-month low. The catalyst was a hotter-than-expected update in US inflation last Friday, leading markets to brace for a bigger US rate hike this Thursday. Our market also caught up over the long weekend as the S&P500 fell nearly 7% over the past two sessions.

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