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Stocks down more than 5% at noon
16-October-08
Written by AAP
The Australian share market was trading more than 5 per cent lower at noon dragged down by the resources sector and after heavy losses from Wall Street.
At 1200 AEDT, the benchmark S&P/ASX200 was down 237.6 points, or 5.53 per cent, at 4,062.4, while the broader All Ordinaries fell 236 points, or 5.52 per cent, to 4036.5.
On the Sydney Futures Exchange, the December share price index futures contract was 290 points lower at 4095, on a volume of 22,686 contracts.
Article continues...
16-October-08
Written by AAP
The Australian share market was trading more than 5 per cent lower at noon dragged down by the resources sector and after heavy losses from Wall Street.
At 1200 AEDT, the benchmark S&P/ASX200 was down 237.6 points, or 5.53 per cent, at 4,062.4, while the broader All Ordinaries fell 236 points, or 5.52 per cent, to 4036.5.
On the Sydney Futures Exchange, the December share price index futures contract was 290 points lower at 4095, on a volume of 22,686 contracts.
Article continues...
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