The Australian share market plunged 1.75 per cent in opening trade to its lowest level since November after Wall Street suffered its worst day of 2012 and fell into bear market territory.
The Australia dollar fell to a fresh six-month low following the release of weaker Chinese manufacturing data but regained some ground later in the day.
Australian stocks have closed lower for a third straight session as weak economic data from offshore prompted investors to abandon resources-linked sectors of the market.
The Australian share market suffered falls in opening trade, driven by weaker materials stocks, aggressive short selling of the top 50 stocks and a soft lead from Wall Street.
Stumbling Facebook shares got a shot of adrenalin Thursday and pushed five per cent higher as US stocks traded lower Thursday on dull jobs and economic growth data.
The Australian share market remained in the red by noon on fresh concerns over Europe's debt crisis, with consumer staples stocks bucking the downward trend.
The Australian economy is robust enough to withstand current global uncertainty, but not immune, Treasury boss Martin Parkinson has told a Senate hearing.
The Australian share market has tumbled more than one per cent in opening trade as fresh worries over Europe's debt crisis led to heavy falls on US and European bourses.
The Australian share market has closed lower in the wake of weak retail trade data, reports that China's government may not stimulate economic growth as much as hoped for, and continued worries abo
The Australian share market has opened lower as investors digest reports that China's government may not repeat its massive 2008 stimulus package to boost economic growth.
US stocks have risen more than one per cent, helped by hopes that China will launch a stimulus program and signs that Greece's elections might push through a euro-friendly government.
The Australian dollar marked time today, despite data showing house sales on the mend and as investor sentiment towards the European debt crisis improved.
The Australian share market has closed higher, boosted by opinion polls suggesting a victory for pro-austerity conservatives in next month's Greek election.
Most European stock markets have fallen on bank strains in Spain, but avoided a deep slump after opinion polls pointed to a win for pro-austerity conservatives in the upcoming Greek election.
Mining magnate Gina Rinehart is believed to have lifted her stake in Fairfax Media, and questioned the abilities of the company's chairman Roger Corbett in the process.
Australian banks need to catch up with the rest of the world and make financial transactions faster for customers, Reserve Bank of Australia boss Glenn Stevens says.
The Australian share market relinquished early gains to close around 0.6 per cent lower as relentless uncertainty over Greece's future plagued investors.
Online finance specialist ThinkSmart has taken a battering from shareholders on two fronts, with a sharp slump in its share price yesterday following a profit warning and a large protest vote again
The Australian share market has fallen into negative territory as concern about the future of the euro zone outweighed earlier positive sentiment about Greece's future witin it.
Electrical and refrigeration company Hastie Group will take a $20 million hit to its full year profit after discovering "deliberate" irregularities in its financial accounts.
The Australian share market treaded water amid continuing uncertainty over a possible Greek exit from the euro zone and disappointing Chinese manufacturing data.
IFS Construction Services is facing its second boardroom battle in two years, after former managing director Scott Williams teamed up with Perth business executives including Justin Walawski and Gr
