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Australia Market Report of October 9: Market Sell-off With No Emotion
OCT 9, 2008 12:30 - Article Views: 8,017
Yesterday, the Australian share market closed at a fresh three-year low, plummeting 5% as the continuing fallout from the global credit crisis wiped A$56 billion from the value of stocks. The benchmark S&P/ASX-200 share index lost 5% yesterday, the biggest one-day fall for both major stock exchange indices since January 22 this year. RBA has said the Australian economy is slowing faster than originally anticipated. Analysts said the sell-off is totally unemotional. Markets across Asia also slumped with 5-10% drop in Tokyo, Hong Kong, Singapore, Mumbai and Jakarta. |
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Australia Market Report of October 8: Aussie Dollar to Face Selling Pressure
OCT 8, 2008 12:30 - Article Views: 5,294
Overnight Wall Street closed more than 5% down on growing fears that the spiralling credit crisis would drag the US economy into a recession. While the global financial crisis deepened, RBA cut the interest rate by a full percentage point, double the amount that had been expected. |
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Australia Market Report of October 7: Aussie Dollar Hard to Rally
OCT 7, 2008 12:32 - Article Views: 5,051
The Australia share market has fallen sharply with 3pc in minutes of the start of trading this morning, after Wall St tumbled overnight. The benchmark S&P/ASX200 index was down as much as 3.3%, or 148.5 points, to 4391.9 in early trading. |
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