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

News Snapshot:

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...