Australian share market plunges below 5,000 points amid China fears

Discussion in 'Market News' started by Lily, Jan 8, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    The benchmark ASX/S&P200 and the Australian dollar fell again amid concern about the Chinese economy and a 12-year low for the price of oil

    The Australian share market has slipped below 5,000 at the open, continuing its disappointing week as Wall Street suffered another fall and oil prices slid to a new low.

    The benchmark S&P/ASX200 index was trading 0.9% lower at 4,967 in early trade on Friday, with most sectors in the red.

    Related: Oil prices could continue to slide with Saudi sights set on shale

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