THE Australian share market, and other markets in the Asia-Pacific region, have fallen sharply as investors are again caught up in the turmoil on US markets. The benchmark S&P/ASX200 stock index.
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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Australian shares are poised to open a shortened trading week flat on Monday despite a firm session on Wall Street on Friday. all-time high set on September 20, reflecting the strong rebound for.
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Wells Fargo reported earnings Friday. U.S. stock benchmarks on Friday wrapped up a solid week on a down note as better-than-expected first-quarter earnings failed to stir buying appetite on Wall.
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Australian shares ended Thursday. Local tech stocks also fell on Thursday following a similar slide in Wall Street on Wednesday which saw the Nasdaq Composite fall 0.9 per cent.. noting that.
Australian shares are set to drop sharply as markets extend a pre-Christmas slump. ASX futures were down 85 points to 5587 at 8.00am AEDT, extending a slide from earlier in the session.
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Australian shares set to follow Wall St lower after oil prices eased, weak China data.. as Wall Street wavered and the Australian dollar tapped an eight-month high.. US stocks slide as oil drops further, investors snap up government bonds and gold..
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 Australian share market has fallen sharply in early trade, following a steep fall on Wall Street on Friday and a further plunge in crude oil prices. The benchmark ASX 200 index was 52 points.