Australia Market Report of September 17: Losses Smaller Than Expected

  Sydney, Australia, Sept 17, 2008 - (ABN Newswire) - The share market dropped almost 2% yesterday after Wall Street dropped 4% to its lowest close since the September 2001 terrorist attacks. A late rally among major banks and gains in resources stocks kept the local damage from the fall out from the Lehman Brothers collapse to a minimum. The losses were not as bad as expected but the combined losses of the past two days were significant.  

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