ABC NewsMail - Morning Edition

Good morning. It's set to be another punishing day for Australian stocks. Overnight, Wall St's Dow Jones index shed a jaw-dropping 1000 points (or 7 per cent) early, before closing 3.5% down. Markets in London, Paris and Frankfurt each closed down around 5%. And it's not over - one analyst says the only sure bet this week is for volatility, everywhere. What's going on? According to ABC business editor Ian Verrender, markets have just realised that China's gone from being the global economy's brightest hope to its biggest threat. Coming up today: the local share market opens at 10.00am AEST. Also at 10.00am AEST, Tony Abbott is visiting Green Hill Fort on Thursday Island. At 12.00pm AEST, the market opens in Shanghai. At 1pm AEST, South Korea's propaganda speakers at the DMZ will fall silent as part of a deal agreed with the North. At 6pm AEST, BHP Billiton will discuss its full-year profit results. Top Stories World stock markets nosedive after fall of China shares Share markets around the world plunge following a near 9 per cent dive in China shares, but commodities and the dollar pare losses and US stocks stage a striking comeback in a volatile session after European markets closed. Anzac Day terrorism charges against Melbourne teen to be dropped: lawyer Charges against Melbourne teenager Harun Causevic, accused of plotting an Anzac Day terrorist attack, will be dropped today, his lawyer says. Ashley Madison hack may have caused two suicides: police At least two people may have committed suicide following the hacking of the Ashley Madison cheating website, Canadian police say. NBN will provide plenty of bandwidth in rural areas: Turnbull The National Broadband Network will deliver "plenty of bandwidth" to customers in rural and remote parts of the country when the first of two new satellites is launched on October 1, Communications Minister Malcolm Turnbull says. Labor calls on Hockey to rule out GST on health Treasurer Joe Hockey is urged to rule out broadening the base of the GST to include health care, as a way to fund income tax cuts. North, South Korea agree to defuse crisis after marathon talks North and South Korea reach agreement to end a standoff involving an exchange of artillery fire that had pushed the divided peninsula into a state of heightened military tension. 'More than half' of students chasing dying careers Sixty per cent of Australian students are training for jobs that will not exist in the future or will be lost to automation, according to a new report from the Foundation for Young Australians. Q&A panellists agree involving women in politics 'absolutely critical' Anna Bligh and Tony Windsor join forces on Q&A to encourage more women to get involved in politics, with the former independent MP saying women do a better job in parliament than men. Government failed to conduct privacy impact assessments on 90pc of security measures The Government has failed to conduct proper privacy impact assessments on almost 90 per cent of national security measures passed, according to independent research. Researchers sample Pacific Ocean rubbish vortex Researchers take the first steps towards cleaning up a massive, swirling cluster of rubbish floating in the middle of the Pacific Ocean, returning from mapping and sampling the vortex. Fraser-Pryce gives Jamaica golden sprint double Jamaica's Shelly-Ann Fraser-Pryce matches the exploits of her compatriot Usain Bolt, winning a third 100m title at the world athletics championships in Beijing. Analysis and Opinion: The Drum Markets should take note: The China tide has turned By Ian Verrender Abbott's mind should be on Canning, not Cape York By Paula Matthewson Thinking of getting cosmetic surgery? Take caution By ABC's Sophie Scott and Rebecca Armitage Women in combat: The US can learn from the ADF By Catherine Fox Just In Kingborough Council passes motion in support of same-sex marriage August 25, 2015 - 7:09 am Ashes fifth Test - how the Australians rated August 25, 2015 - 7:07 am Daughter's pain inspires father's seven marathons in seven days August 25, 2015 - 7:03 am World • Spanish protest-born party challenges traditional politics • Eight police officers killed in clashes with anti-charter protesters in Nepal • Israeli gay pride stabbing suspect charged with murder Business • World stock markets nosedive after fall of China shares • NBN facing possible $15b blowout, Turnbull confirms • BBY clients closer to getting back missing millions Politics • Spanish protest-born party challenges traditional politics • Labor calls on Hockey to rule out GST on health • World stock markets nosedive after fall of China shares Sport • Americans getting on board the Hayne Plane • Fraser-Pryce gives Jamaica golden sprint double • Kyrgios handed suspended ban, fined $US25,000 over Wawrinka rant Science and Tech • Windows 95 two decades on • 3D printing body part replacements seen in hospitals of the future • NASA confirms asteroid will not destroy mankind in September Environment • Ok Tedi Mining says wall collapse not linked to shutdown • Researchers sample Pacific Ocean rubbish vortex • Pacific Island leaders say only global cooperation can save them Follow ABC News About this email You received this email because you are subscribed to ABC News email alerts. 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