Australia Market Report of October 24: Gains of the Week Gone

  Sydney, Australia, Oct 24, 2008 - (ABN Newswire) - Wall Street shares staged a spirited rebound overnight, as the turnaround was driven by the energy sector, which was reacting to higher oil prices. During yesterday's trading, Australian stocks closed lower for the second consecutive day on Thursday, falling by more than 4%. The market was dragged down by big losses in the resources sector amid renewed fears of a global economic slowdown.  

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