The Australian share market has followed Wall Street lower after the tech-heavy Nasdaq index wiped out its gains for this year as the US central bank chairman took no steps to calm the market volatility which has pushed up bond yields.
- The Nasdaq has tumble nearly 10 per cent from last month’s record high
- The Nasdaq was down 2.3pc to 12,464, the Dow down 1.1pc to 30,924 and the S&P 500 down 1.3pc to 3,768
- Following this, the Australian market lost 1 per cent in early trade
The All Ordinaries…