Australian shares may continue to fall

Posted by 7Star Monday, March 9, 2009

The Australian stock market is likely to continue to fall with grim news mounting and no reprieve in sight, dealers said on Friday. For the week ending March 6 the benchmark S&P/ASX 200 lost 199 points, or six percent, to close at 3,145.5. Critical US jobs numbers due out later on Friday were likely to spark a significant sell-off, said CMC Markets analyst Dominic Vaughan.

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