Short selling pushes market lower
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Australian shares have fallen nearly 2 per cent after the lifting of a ban on short selling in non-financial stocks.
Companies which analysts say are vulnerable to short selling have dropped, including retailer Woolworths and hearing device maker Cochlear.
Shortly before 2:00 pm AEDT, the All Ordinaries Index was down 58 points to 3,455.
The ASX 200 had fallen by 55 points to 3,468.
The Australian dollar was buying about 64.7 US cents.
More Quotes and Company Information:COCHLEAR LIMITED (ASX: COH.ax)WOOLWORTHS LIMITED (ASX: WOW.ax) ... read full article
Wed 19th November 2008 - 02:13pm
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