Australian stocks open sharply lower |
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INT9International/Business/EconomyAustralian stocks open sharply lowerSydney, Oct 8 DPA Australian stocks tumbled 3.5 percent on the opening bell Wednesday in the wake of a further steep fall on Wall Street. In early trading the ASX 200 dropped 166 points, or 3.5 percent, to 4,452. The Australian dollar fell again in early trade, dropping 2 US cents to 70 US cents as the flight out of commodities-linked currencies continues. The Aussie dollar was sold off along with the South African rand, the Canadian dollar and the New Zealand dollar.--DPAskp/97 Words*08100609 Posted by IANS on Wednesday Oct 08 reply Comments |
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