Can anyone explain why our ASX200 fell 5%? Compared to the US...

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    Can anyone explain why our ASX200 fell 5%? Compared to the US market overnight as well as the Futures market, this seems like overkill sell-off. I know there are dire figures, mostly factored in. Is it because of post NYSE close comments that caused the sell-off? If so why are the US futures not down as much? Just trying to understand.
 
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