Australian shares hit three month low on US recession worries; Optus no wiser on massive cyberattack

Australian shares plunged to a three-month low on Monday on fears that US Federal Reserve interest rate rises will trigger a global recession. 

Banks, miners and energy producers were hardest hit in the selloff amid expectations of more volatility in the weeks ahead. 

Economist Danny Blanchflower says central banks are underestimating the risks of aggressive rate rises and a possible repeat of the global financial crisis.

Here's my coverage from The World Today