Australia's share market took a major nosedive on Tuesday, shedding tens of billions of dollars in value as fears grow over a worldwide recession.
The top 200 companies on the stock exchange, which make up the S&P/ASX200 index $S&P/ASX 200 (.XJO.AU)$ , fell more than 5% within the first 20 min of trade, making one of the worst dys since the pandemic began in 2020.
The recession risk relateds to whether central ban...