Australian share market set to dive as threat of US recession grows

The Australian share market is set to dive on Monday morning when it opens at 10am AEST. The SPI200, which is a gauge of how the market will trade in the short term, was down 331 points early on Saturday. “That’s implying a 4.25 per cent drop in our market on Monday,” veteran stock broker Marcus Padley said. US stock market exceeds biggest two-day loss since COVID Photo shows trump in car While Wall Street faces its worst crisis since the pandemic, Donald Trump has said “this is a great time to get rich”. Front and centre on investors’ minds…