Market Close 10 May 22: ASX 200 briefly falls to 3-month low

The Australian sharemarket fell by 1% and lost ground for a third day as 10 of 11 sectors declined. The ASX 200 was down as much as 2.5% and hit a three-month low this morning, before gains from Chinese markets and signs of a calmer start in the US and Europe tonight seemed to settle nerves. 

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