Investors warn global rout may have not gone ‘far enough’

Some of the world’s largest investment firms expect the rout that swept through global markets this week will take longer to settle, with some pundits even warning that the sell-off did not go far enough to moderate high valuations.

Sharemarkets around the world have managed to pare back some of the brutal losses sustained in Monday’s global rout – in which the S&P/ASX 200 tumbled the most since 2020 – after soft US jobs data reignited fears of a recession in the world’s largest economy.