EUROPEAN WOES SEND SHARES TUMBLING AGAIN

EUROPEAN WOES SEND SHARES TUMBLING AGAIN

NERVOUS investors continued a broad-based sell off today as the Australian share market plunged in morning trading.

Although the afternoon saw a slight recovery, today’s early falls wiped $25 billion off the market’s value amid local concerns about financial uncertainty in Europe, particularly in Greece and Spain.

Banks and miners were among the hardest hit as the market fell 2.6 per cent on Friday's trading. Stocks in gold rose slightly.

It was the third consecutive day of market mayhem. The losses on the ASX this month now total more than $100 billion.

Get our daily business news

Sign up to our free email news updates.

 
Whitefox Recruitment founder Luke Hemmings making strides as a careers leader
Partner Content
After relocating his Canberra-founded company Whitefox Recruitment to the Gold Coast la...
Whitefox Recruitment
Advertisement

Related Stories

ASIC secures its first court win for greenwashing against US giant Vanguard

ASIC secures its first court win for greenwashing against US giant Vanguard

The Australian corporate watchdog has caught out one of the world&r...

Medicinal cannabis group Althea shaves $1.5m from its cost base through staff cutbacks

Medicinal cannabis group Althea shaves $1.5m from its cost base through staff cutbacks

Australian-founded medicinal cannabis company Althea Group (ASX: AG...

Charter Hall snares 15pc stake in Hotel Property Investments for $97m from 360 Capital

Charter Hall snares 15pc stake in Hotel Property Investments for $97m from 360 Capital

Listed funds manager 360 Capital Group (ASX: TGP) has offloaded its...

The party’s over: Splendour in the Grass festival cancelled for 2024

The party’s over: Splendour in the Grass festival cancelled for 2024

Splendour in the Grass, Australia’s largest winter music fest...