Video

Why Australia’s stock exchange is down to $2.5 billion

AUSTRALIA’S stock exchange has plummeted to $1.3 billion in just three weeks after hitting $2 billion in July.The Australian Securities Exchange (ASX) reported a loss of $1 billion for the year ending December 31, the biggest in more than a decade.It’s down to more than $1 trillion in assets, down from $2 trillion a year