Ugly day on the bourse

IT WAS a day of carnage on the Australian Securities Exchange following a plunge in the US stocks, with investors locking in profits in the face of market-wide declines.

On Wall Street, stocks fell sharply overnight with the Dow Jones Industrial Average taking a 1.1% plunge to 13211.99 while the S&P 500 fell 1.3% to 1455.

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