Market fall- out
THE Australian share market plunged to a six-month low yesterday, suffering its worst one-day fall in nine months as investors feared the economic impact of Japan’s worsening nuclear crisis.
Stock markets across the region were sharply lower.
The investor rout began after reports that another explosion and fire had pushed radiation to harmful levels at one of Japan’s earthquake-hit nuclear plants.
T h e b e n c h m a r k S & P / ASX200 index fell 97.7 points, or 2.11 per cent, to 4,528.7 points, while the broader All Ordinaries index lost 100.2 points, or 2.13 per cent, to 4,609.9 points.
On the ASX 24, the March share price index futures contract was 74 points lower at 4,535 points, with 167,423 contracts traded.
The f al l t ook t he S& P/ ASX200 index to its weakest level since September 3 last