Australian shares have again slid in early trade following a fresh plunge on Wall Street overnight, while the Aussie dollar has retreated below the 78 US cents level. The benchmark S&P/ASX200 stock index was down 1.6 per cent after the first half-hour of trade, with every sector trading in the red and
Shares slump on global growth concerns, U.S. selloff. suggesting further weakness on Wall Street after major indexes fell more than 1.3 percent on Friday on worries that slower overseas demand.
Thats it for the trading day blog for Monday, August 26. Australian shares made back some ground by the close, but still finished 1.3 per cent lower to 6440 after the latest escalation in US-China.
Jobs slump takes Wall St from records: Hesitant start for ASX. ASX:KGD; The Australian share market is set for a hesitant start to the trading week after US markets retracted from their winning.
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Australian shares are set to slide today, while a late rise on Wall Street couldn’t steer the market away from its worst year since 2008. Video Australian Markets
Australian shares have slid 1.7 per cent in early trade after Wall Street again tumbled overnight, with energy and materials leading the losses.
The Aussie share market is heading for a second 100 point or near 2% slump on Tuesday after wall street endured its biggest one day fall of the year on Monday. A 7% slump in iron ore prices and weaker oil prices will see further pressure on local investors, as it did on Monday.
It also comes after investors yesterday wiped almost $30 billion off Australian shares following Friday’s night’s slide on Wall Street, with the local benchmark S & P/asx 200 index falling 1.6.
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