Morning Report 14 Jun 22: US sharemarkets slumped again on Monday

Investors fear that aggressive inflation-fighting rate hikes could tip the economy into recession. Reuters reported "Cryptocurrency- and blockchain-related stocks, including Riot Blockchain, Marathon Digital Holdings and Coinbase Global, all plunged as bitcoin slumped more than 10% after major US cryptocurrency lending company Celsius Network froze withdrawals and transfers citing "extreme" conditions." The Dow Jones index fell by 876 points or 2.8%. The S&P 500 index lost 3.9% with the Nasdaq index down by 532 points or 4.7%.

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