By finance reporter Simon Frazer Investors worried by global volatility have driven the Australian share market's biggest single-day loss since February last year. Australian stocks matched the sharp falls on Wall Street overnight, losing more than 2 per cent to end what had already been a poor week. The All Ordinaries index dropped 108 points to 5,186, its worst close since before Christmas. Local stocks have now fallen nearly 7 per cent in the past month alone, and analysts said the market was overdue for a correction, with concerns about the global outlook adding to the pressure. More » |
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