Australia Market Report of October 22: Inflation Pressure Far From Low

  Sydney, Australia, Oct 22, 2008 - (ABN Newswire) - Overnight Wall Street slumped in late trading with Dow Jones Industrial Average ended the day down 2.5%.Australia's benchmark S & amp;P/ASX-200 share index yesterday advanced almost 4% for a second straight session, bringing the two-day increase to more than 8%, as buyers flooded back into big mining companies.The benchmark S & amp;P/ASX200 index closed 160.26 points higher, or 3.9%, to 4302.  

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