Australian shares set for further slide after Wall St slump on Friday

The Australian dollar also hit a fresh six-year low of 72.01 US cents. The turmoil follows on from Friday’s three per cent plunge in US equities and shadowing today’s more than eight per cent falls in.

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The developments helped drive the worst session for Wall Street’s blue chip. you don’t want to fight them." Australian market likely to fall into a correction Futures trade suggests the Australian.

ASX set to slide, Wall St washes, oil shock.. Energy stocks spiked while most of Wall Street fell Monday following the weekend’s attack on Saudi Arabia’s oil facilities, which added to investors’ concerns about geopolitical risk and a tumultuous world economy.. At its peak on Friday.

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However, it seemed that a few hardy ‘bargain hunters’ moved in after that, pushing the market back towards a more moderate 1.8 per cent slide by. falls 8.5 per cent Wall St down more than 3 per.

Wall Street’s three major stock indexes lost ground on Friday, after a week of recovery from the October sell-off, as oil prices fell further and more evidence of a slowing Chinese economy was.

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It also comes after investors yesterday wiped almost $30 billion off Australian shares following Friday’s night’s slide on Wall Street, with the local benchmark S & P/ASX 200 index falling 1.6.

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Australian share market lower on Wall St slide. THE share market has opened more than 2 per cent weaker, after a night of heavy losses on Wall Street.. Originally published asShares slump on.

The Aussie share market is heading for a second 100 point or near 2% slump on Tuesday after Wall Street endured its biggest one day fall of the year on Monday. A 7% slump in iron ore prices and weaker oil prices will see further pressure on local investors, as it did on Monday.

Australian shares are expected to open with. central bank’s June policy meeting minutes. wall street’s main indices have retreated from their record closing highs after a robust June jobs report.