Global sharemarket rout wipes trillions of dollars off values as US recession fears rise

The global sharemarket rout continues to make grim history with Wall Street's key index posting it's worst six months in more than half a century.

And there's every sign that there's worse to come as central banks raise interest rates in a despate race to tame rampant inflation.

I speak with Tom Oriti on ABC Newsradio and Sally Sara on The World Today