| From Theaustralian.news.com.au: Australian shares tumbled more than 4 per cent after global equity and commodity markets slumped on growing recession fears.he benchmark S&P/ASX 200 fell 170.1 points, or 4.33 per cent, to 3757.2 in the first 15 minutes of trading.
The broader All Ordinaries was down 155.7 points at 3727.9 with the resources sector registering the biggest losses. The basic materials index was down more than 7 per cent after BHP Billiton dived 8.45 per cent to $25.91, Fortescue Metals Group shed 8.37 per cent to $1.86 and Rio Tinto lost 6.45 per cent to $70.35....... Full Article: Source
|