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Article: STOCKS - AUSTRALIAN BOURSE ENDS SHARPLY LOWER - JAN 16, 2008.
- Article from:
- AsiaPulse News
- Article date:
- January 16, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MELBOURNE, Jan 16 Asia Pulse - The Australian share market closed sharply lower today, falling for its eighth session in a row after United States markets were pummelled by more fallout from the US sub-prime mortgage crisis and fears of an American recession.
At the 1615 AEDT close, the benchmark S&P/ASX200 index had plunged 150.3 points, or 2.52 per cent, to 5,809.7 while the All Ordinaries surrendered 149.0 points, or 2.48 per cent, to 5,870.8.
Shaw Stockbroking head dealer Jamie Spiteri said the Australian bourse had followed US markets downwards.
"No market around the world is immune to the shockwaves from the downfall in financial markets ...