Australian Market Report of December 10: More Companies Need Capital Raising

  Sydney, Australia, Dec 10, 2008 - (ABN Newswire) - Wall Street tumbled overnight, ending the two days rally, with more corporate profit warnings, job cuts and a sell-off in the financial sector. Investors also worried the bailout of the US carmakers may cost more than expected. Yesterday Australian market closed lowered as banks stocks plunged after Westpac(ASX:WBC) announced its A & #36;2.5 billion capital raising.  

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