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Australian Market's four-month low
April 18, 2005 -- THE Australian stock market plunged
today, shedding more than 1 per cent as it continued the downward slide
suffered by equity markets around the globe.
The local indices finished below the 4000 mark to close at their lowest
level since December.
Investors had expected a bad day after Wall Street tumbled on Friday night,
along with most other major overseas markets, and Asian markets also fell
today.
The weakness has affected all major sectors and comes on top of last week's
sell off that saw Australia's stock market record its sharpest pull back in
more than two years.
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