Australian Market Report of April 22: Gained on Optimism over Banks

  Sydney, Australia, Apr 22, 2009 - (ABN Newswire) - Overnight the US stock market shrugged off a range of grim earnings reports and gained on the comments from US Treasury Secretary Timothy Geithner that majority of banks have more capital than they need.Yesterday Australian shares fell after Wall Street plummeted on renewed banking fears. The benchmark S & amp;P/ASX200 index plunged 2.4%, or 91.6 points, at 3677.  

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