Australian Market Report of March 24: Encouraging Rescue Plan and Economic Data

  Sydney, Australia, Mar 24, 2009 - (ABN Newswire) - US shares roared up overnight and Dow index rose nearly 6.7 per cent after the US treasury announced a & #36;US1 trillion rescue plan to clean up toxic assets in financial system. The market was also cheering a report showing a surprising increase in existing home sales in February.Yesterday the Australian shares surged on hope of the US bailout plan to remove bad debts from banks.  

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