Market falls to a two-year low with the resources sector hardest hit and energy and banking stocks also down as fears over China strikes world markets The Australian share market has plunged well over three per cent,pulled down mainly by a gargantuan sell-off of resources stocks, especially global miner BHP Billiton.
It was the market’s hardest fall in a month. Both market indices dropped below 5000 points, or an valuable psychological support level.
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Source: theguardian.com