Australian Market Report of February 8: Massive Losses after Bad Leads

  Sydney, Australia, Feb 8, 2010 - (ABN Newswire) - The Australian share market dropped sharply to a three-month low on Friday follwoing the plummet in overseas stocks and commodities prices. About A & #36;31 billion was wiped from the value of stocks after the massive selling in Australian shares. At the close, the benchmark S & amp;P/ASX200 index fell 107.3 points, or 2.32 per cent, to close at 4514.3, while the broader All Ordinaries index lost 111.  

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