Investment markets and key developments over the past week
The global share market correction continued over the last week as worries intensified regarding emerging countries, their currency rout and the impact on global growth along with the ongoing fall in commodity prices. Even Greece and tensions between North and South Korea got a look in. Messy profit results also didn’t help Australian shares. For the week, US shares fell 5.8%, Eurozone shares lost 6.7%, Japanese shares fell 5.3%, Australian shares fell 2.7%, and Chinese shares lost 11.5%. Reflecting investor nervousness, oil and metal prices remained under pressure and bonds benefited from safe-haven demand. Emerging market currencies fell further and weak Chinese economic data put renewed pressure on the Australian dollar. (VIEW LINK)
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