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Share Markets are shaking again

Share carnage wipes more than $40 billion from market
Share carnage wipes more than $40 billion from market Source: ABC Australia

Bank shares crashed on the Athens stock exchange, losing a fifth of their value within hours, as the government was seen facing an impossible choice between austerity and social unrest. Renewed fears about slowing global growth have wiped $47 billion off the value of the Australian share market, which suffered its biggest fall in more than four months.


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By Vaios Anastassopoulos

Source: SBS



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Bank shares crashed on the Athens stock exchange, losing a fifth of their value within hours, as the government was seen facing an impossible choice between austerity and social unrest. Renewed fears about slowing global growth have wiped $47 billion off the value of the Australian share market, which suffered its biggest fall in more than four months.



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