Fund managers are warning of a precarious month for equity markets in September amid growing concerns about lofty valuations against a backdrop of slowing US growth and massive government borrowing around the world.
While September is historically the worst month for global stock markets, Australia’s benchmark S&P/ASX 200 Index has already dropped nearly 3 per cent since climbing above 9000 for the first time in late August. In the US, the three major indexes fared better, having reset record highs this week.
Loading…