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Australian Share Market Loses $40bn Faster Than My Last Tinder Date Swiped Left

KEY POINTS

  • Australian shares opened sharply lower on February 6, wiping out over $40 billion in market value early in the day.
  • The drop coincided with news of a rideshare driver facing court for allegedly sexually assaulting a woman during a short morning trip.
  • The allegations and market turmoil were reported by the Australian Associated Press, highlighting a grim start to the day.

Australia’s shares opened so sharply lower this morning that over $40 billion vanished like it was in a tax haven scam. This financial cliff dive happened while the world kept calm… except for one rideshare driver, who allegedly decided that a short early morning trip was the perfect time for a court cameo involving sexual assault charges. The AAP (Australia's Always Present news folks) reported this grim mix of market chaos and courtroom drama, leaving investors and passengers alike wishing they'd just stayed home scrolling memes instead.

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Source: Theguardian | Published: 2/6/2026 | Author: Nick Visser