The Australian Share Market is deep in the red as the market follows Wall Street directly lower while also seeing profits taken after the significant...

The Australian Share Market is deep in the red as the market follows Wall Street directly lower while also seeing profits taken after the significant outperformance of the market in February. A packed reporting calendar probably delayed the sell off until now and combined with the continued commodity market volatility seeing markets on the down trend for March. Market Turnover into lunch was strong at $1.873 billion. The market did take a heavy hit this morning particularly with a number of stocks going ex-dividend including BHP, so I think the market may see a little bargain hunting possibly this afternoon however will still finish well in the red. After the market closes look out for data out of China. They release retail sales & industrial production data that could be an influence on tonight's U.S session and tomorrow's local trade. For the rest of the wrap please visit (VIEW LINK)