Larry Williams Drive

Australia's sharemarket has taken a hammering as investors voice concerns over the escalating conflict in the Middle East. After it resumed trading today, the ASX 200 slumped 260.30 points or 2.9 per cent to 8590.708 - and dropped by 4 percent overall. Australian correspondent Oliver Peterson says this is the worst day for the Australian markets since last year's 'Liberation Day'. LISTEN ABOVESee omnystudio.com/listener for privacy information.