Sydney, Aug 16, 2007 (ABN Newswire) - The Australian share market could be in for another session of losses. Financial shares will likely lead the way down as global credit markets worries rise.

Yesterday the S&P/ASX200 plummeted 177 points ending at 5,788. That's about 10 per cent off its record high set back in July. On the futures market the SPI200 is down 79.

Turning to currencies, the Australian dollar plunged to an 11-week low in early trade. At 8:35 AM the Aussie dollar is buying 81.89 US cents, on the crosses the dollar is buying 95.21 yen, 60.96 Euro cents, and 41.2 British pence

The full report is available at the following video and audio links.

Video Link

http://abnnewswire.net/lnk/14M53Q90


Audio Link

http://abnnewswire.net/lnk/9NJ34D82

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