Australia has “fared better than most” with the decline in equity markets

Michael McCarthy, Tiger Brokers Australia’s Chief Strategy Officer, says the Australian market has “fared better than most” as global equity markets continue to decline.

“In Europe and the US, we have seen weekly drops for each of the past five weeks,” he told Sky News host Ross Greenwood.

“So even though we fell 8% in just four sessions, we’re still much better off than many investors around the world.”