The bears are back in town

A SHARP slide in United States’ equities has prompted a big sell-off in the Australian market, with resource plays taking heavy hits after base metals also fell overnight.

The bears are back in town The bears are back in town The bears are back in town The bears are back in town The bears are back in town

By midday, the benchmark S&P-ASX 200 had fallen 2.8% to 3807.7 points, marking the biggest sell-off since January and a three-week low for the index.

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