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Why is the ASX down 176 points today?

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S&P/ASX 200 Index (ASX: XJO) shares are heavily in the red on Thursday.

The benchmark index tumbled 2% or 176 points to an intraday low of 8,613.2 points – a four-month low.

Every one of the 11 market sectors are in the red today.

ASX 200…



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