Australian shares have dropped in afternoon trade, as global markets sank to their lowest levels in seven weeks on fears of a slowereconomic recovery in the United States and Europe.
- The ASX 200 has lost 2.2pc in the past three days
- European markets plunged on fears of renewed COVID-19 lockdowns
- The S&P 500 dropped four days in a row, for the first time since February
By 2:45pm AEST, the benchmark ASX 200 index was down 0.6 per cent to 5,789 p…