Australia Market Report of October 10: Investors Worry Global Rescue Will Fail

  Sydney, Australia, Oct 10, 2008 - (ABN Newswire) - Today is going to be another tough day after Wall Street stocks tumbling in late trade overnight as investors worry governments around the world will fail to avert a global recession.Yesterday the Australian share market closed at a three-year low, dragged down by the finance and energy sectors. This morning the S & amp;P/ASX200 index opened 5.5% lower, losing 235.5 points to 4085.  

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