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Thread: Australia

  1. 01-04-2007, 06:28 AM #1
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    RIDDICK
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    Default Australia

    Why is the Australia market tanking so bad today/tonight? Is this a sign other world markets could go negative soon too? I know it's a small percentage of the I fund but still it's a big drop.
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  2. 01-04-2007, 06:43 AM #2
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    Default Re: Australia

    Seems like this might be cause of decline in the Australia market tonight- if metal prices affect other markets too, then maybe this downfall might spread --

    Australian shares close lower on resource sell-off - UPDATE
    01.04.07, 1:08 AM ET

    SYDNEY (XFN-ASIA) - Share prices closed lower as investors sold resource stocks following a fall in metal prices overnight, including a 4.2 pct decline in copper to fresh eight-month lows, dealers said.

    http://www.forbes.com/markets/feeds/...fx3297359.html
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  3. 01-04-2007, 07:00 AM #3
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    Default Re: Australia

    Quote Originally Posted by ayla View Post
    Seems like this might be cause of decline in the Australia market tonight- if metal prices affect other markets too, then maybe this downfall might spread --

    Australian shares close lower on resource sell-off - UPDATE
    01.04.07, 1:08 AM ET

    SYDNEY (XFN-ASIA) - Share prices closed lower as investors sold resource stocks following a fall in metal prices overnight, including a 4.2 pct decline in copper to fresh eight-month lows, dealers said.

    http://www.forbes.com/markets/feeds/...fx3297359.html
    Thank you. I probably shouldn't get too concerned over day to day market changes
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