Japan’s Nikkei Down 13%

Good Morning,

Panic hits ASX as US recession fears build, Warriors star Shaun Johnson to retire at end of NRL season, Ex-England cricketer Graham Thorpe dies, aged 55, Joe Biden to meet national security team as fears grow of retaliatory Iranian attack on Israel, Texas-headquartered EnergyX lobs $US150m bid for Galan Lithium, Silver medallist Hayden Wilde crashes on bike in mixed triathlon relay at 2024 Paris Olympics

Let's jump in.

Before The Bell

Markets

• NZ shares join global rout as fears of US recession grow (GR)

• Panic hits ASX as US recession fears build (AFR)

• A global stock rout is deepening with investors fleeing to safe havens (CNBC)

• Japan’s Nikkei Posts Biggest Single-Day Fall Since 1987 After Weak U.S. Data (WSJ)

News Summary

• Government announces measures to ramp up accountability over students' maths achievement (Stuff)

• All Blacks call up Harry Plummer and hand captaincy to Ardie Savea for Argentina tests (Stuff)

• Ex-England cricketer Graham Thorpe dies, aged 55 (Stuff)

• Warriors star Shaun Johnson to retire at end of NRL season (Stuff)

• Spirits tax to push prices up for Australians (9 News)

• Australia's terrorism threat level raised to 'probable' (9 News)

• Source of Melbourne Legionnaires' disease outbreak identified as cases grow to 77 (9 News)

• Record fine for sushi chain's 'audacious' worker pay (9 News)

• 'Seriously stressed': Mortgage holders forking out almost 45 per cent of income on loans (9 News)

• Cooler weather helps fire crews corral a third of California’s largest blaze of year (Guardian)

• Joe Biden to meet national security team as fears grow of retaliatory Iranian attack on Israel (Guardian)

Deal Flow

Investments / M&A

• Jefferies grabs a piece of AirTrunk’s $20b auction (AFR)

• Texas-headquartered EnergyX lobs $US150m bid for Galan Lithium (AFR)

• Christie’s-backed art fintech puts finishing touches on recap (AFR)

• Bupa Aged care execs seek seed capital for recruitment startup (AFR)

Equity Raises

• Irrigation automation biz Rubicon in raise; ex UBS boss climbs to 19.9pc (AFR)

Daily Picks

• Silver medallist Hayden Wilde crashes on bike in mixed triathlon relay at 2024 Paris Olympics (Stuff)

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