Australia stocks drop as short selling returns
Wednesday November 19, 2008, 4:18 pm a.y7sc {border-bottom: 1px dashed rgb(151,151,204);text-decoration:none;color:black;background: transparent none repeat scroll 0%; cursor: pointer; color:#333;} a.y7sc:hover {cursor: pointer; text-decoration:none;color:#00F;border-bottom: 1px solid #00F;} a.y7sc:visited {border-bottom: 1px dashed #639;text-decoration:none;color:#333;}(Updates to provisional close)
SYDNEY, Nov 19 (Reuters) - Australian shares fell 0.7 percent on Wednesday, its fourth straight lower close, as the resumption of short selling in non-financial stocks triggered falls in some companies which had outperformed in the recent sharp downturn. The benchmark S&P/ASX 200 index JO lost 23.6 points to 3,499.6, based on the latest available data, a fresh four-year closing low and adding to a 3.6 percent slide on Tuesday. (Reporting by Mette Fraende)
... read full articleWed 19th November 2008 - 04:18pm
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