Australia Market Report on July 28: Pick Up the Oversold

  Sydney, Australia, July 28, 2008 - (ABN Newswire) - The Australian share market fell over three per cent on Friday after troubling news from National Australia Bank (ASX:NAB) related to losses from investments in risky US mortgages, and a weak lead from Wall Street. But gains on US markets on Friday night are expected to encourage investors to pick up stocks that were oversold during Friday's 3 per cent fall.  

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