Monday, January 21, 2008

And It's Morning In Australia

Market's open.

Australian shares resumed their slide this morning, with investors joining counterparts around the world to dump their holdings ahead of an expected slowdown in global growth.

In early trading, the benchmark S&P/ASX 200 share index had shed nearly 3.7 per cent, down 205.9 points to 5374.5 points, placing the market on course for a record 12th day of declines.