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Article: Australian Market Report of September 1: Sell-off in China Dented Sentiment
- Article from:
- abnnewswire.net
- Article date:
- September 1, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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Overnight Wall Street fell following a massive sell-off in Chinese shares, which plunged 6.7 per cent on Monday. The Shanghai Composite index has lost more than 20% of its value in one month.
The Australian share market closed lower yesterday after rallies in a satisfactory reporting season. The benchmark S&P/ASX200 index was down 10.5 points, or 0.23 per cent, at 4479.1 points, while the broader All Ordinaries index lost 11.8 points, or 0.26 per cent, to 4484.1 points.
Key Economic Facts and Figures
The TD Securities-Melbourne Institute monthly inflation gauge was unchanged in August after rising 0.9 per cent in July. The annual rate was 1.7 per cent, the fourth consecutive month the ...