Why is the CBA share price being hit so hard today?
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It’s been a rough day for the Australian share market and many ASX shares so far this Tuesday. At the time of writing, the S&P/ASX 200 Index (ASX: XJO) has retreated 0.36% and is back down to around 8,387 points, despite an early surge into positive territory at market open. But let’s talk about what’s happening with the Commonwealth Bank of Australia (ASX: CBA) share price.
CBA shares are having an awful day, no way around it. The ASX’s largest bank stock closed at $160.14 a share yesterday after touching yet another new record high of $160.27 during intra-day trading. This morning, CBA shares opened right on $160, but quickly started falling.
At the time of writing, this banking giant is now nursing a nasty…
