Australia’s sharemarket fell in line with the rest of the world, as investors digested what a “blue wave” in the US could mean for global stocks.
The benchmark ASX 200 fell 0.49 per cent, or 44.30 points to 9020.80, while the broader All Ordinaries dropped 0.66 per cent or 60.50 points to 9144.70.
Despite finishing in the red, the ASX recovered in the afternoon session, after it slumped 115 points near the opening bell.
Australia’s dollar slumped 0.47 per cent against the greenback to buy 68.97 US cents.
Materials and technology shares led the sell-off, down 2.51 and 0.78 per cent respectively.
BHP shares slumped 2.34 per cent to $57.62, Rio Tinto dropped 2.03 per cent to $149.93 and Fortescue gave up 2.00 per cent to…
