Australian Market Report of May 7, 2010: IMX (ASX:IXR) Received Placement Funds from Sichuan Taifeng

  Sydney, Australia, May 7, 2010 - (ABN Newswire) - The Australian shares went into a panic selling at opening after the freefall in Wall Street overnight. The benchmark S & amp;P/ASX200 index fell nearly 2.9 per cent in early trade. With the sharp falls, the market so far has lost more than 7.5 per cent for the week, its worst performance in more than 18 months.  

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