Australian Market Report of May 18, 2010: Fox Resources (ASX:FXR) Major Shareholders Taking Up Full Rights Entitlement

  Sydney, Australia, May 18, 2010 - (ABN Newswire) - The Australian market yesterday experienced its worst day in a year with a massive 3.1 per cent drop, wiping off more than A & #36;40 billion value from the local market. Asian shares also saw broad sell-off on Monday due to the lingering euro zone debt issue. After flat lead from Wall Street, the Australian share market rose slightly at opening on Tuesday and soon moved back to negative territory.  

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