Australian shares slipped 2 percent on Monday, tracking Wall Street
lower, as investors continued to worry about global growth prospects
even after U.S. lawmakers finally approved a bank bailout plan.

Australian shares slide 2 pct;
6/10/2008 11:04:04 AM
Australian market update
Market Indices 6 October,2008
06/10/2008 11:16 Sydney, Australia.
Index   Value   Change
All Ordinaries  4620.2  -82.6
S&P/ASX 200         4613.2  -82.2

MELBOURNE, Oct 6 (Reuters) - Australian shares slipped 2 percent on
Monday, tracking Wall Street lower, as investors continued to worry
about global growth prospects even after U.S. lawmakers finally
approved a bank bailout plan.

Poor U.S. jobs figures, pointing to a higher risk of a recession,
discouraged investors after the U.S. House of Representatives passed
into law a $700 billion rescue package for the financial sector.

"There's just nothing positive out there. Figures are bad in the
States, Europe's bad, Japan's bad and China's probably slowing," said
David Spry, research manager at broker FW Holst.

By 1050 GMT, Australia's benchmark S&P/ASX 200 index (.AXJO
S&P/ASX 2006 October,2008
06/10/2008 11:14 Sydney, Australia.
Value   Change  % Change
4608.4  -87     -1.9%

    * Australian indices
    * International indices

.AXJO , 4608.4, -87, -1.9%) was off 92 points at 4,603.4, adding to a
1.4 percent decline on Friday.

On Oct 6, 10:26 am, kangarooistan  wrote:
> Australian shares slipped 2 percent on Monday, tracking Wall Street
> lower, as investors continued to worry about global growth prospects
> even after U.S. lawmakers finally approved a bank bailout plan.
>
> Australian shares slide 2 pct;
> 6/10/2008 11:04:04 AM
> Australian market update
> Market Indices 6 October,2008
> 06/10/2008 11:16 Sydney, Australia.
> Index   Value   Change
> All Ordinaries  4620.2  -82.6
> S&P/ASX 200         4613.2  -82.2
>
> MELBOURNE, Oct 6 (Reuters) - Australian shares slipped 2 percent on
> Monday, tracking Wall Street lower, as investors continued to worry
> about global growth prospects even after U.S. lawmakers finally
> approved a bank bailout plan.
>
> Poor U.S. jobs figures, pointing to a higher risk of a recession,
> discouraged investors after the U.S. House of Representatives passed
> into law a $700 billion rescue package for the financial sector.
>
> "There's just nothing positive out there. Figures are bad in the
> States, Europe's bad, Japan's bad and China's probably slowing," said
> David Spry, research manager at broker FW Holst.
>
> By 1050 GMT, Australia's benchmark S&P/ASX 200 index (.AXJO
> S&P/ASX 2006 October,2008
> 06/10/2008 11:14 Sydney, Australia.
> Value   Change  % Change
> 4608.4  -87     -1.9%
>
>     * Australian indices
>     * International indices
>
> .AXJO , 4608.4, -87, -1.9%) was off 92 points at 4,603.4, adding to a
> 1.4 percent decline on Friday.

$% crash in first few hours

Golly the 700 billion sure has helped a real lot
wait till USA markets open