Australian shares set for further slide after Wall St slump on Friday

THE Australian market looks set to open lower following Wall Street’s slide as investors weighed the prospect of a Federal Reserve interest rate rise. At 0645 AEST the share price index. In.

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The Australian share market is fumbling for a tourniquet at noon as stocks slide to new 12-month lows, foll.. ASX plummets to 12-month low after Wall St losses.. Resources fell further, with giants BHP and Rio Tinto shedding 2.99 and 2.97 per cent respectively, and Fortescue Metals losing 4.4 per cent.

It also comes after investors yesterday wiped almost $30 billion off Australian shares following Friday’s night’s slide on Wall Street, with the local benchmark S & P/ASX 200 index falling 1.6.

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Australian shares are set to slide today, while a late rise on Wall Street couldn’t steer the market away from its worst year since 2008. Australian shares are set to slide on the first trading day of.

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AAPOctober 28, 20166:24am THE Australian market looks set to open around half a per cent higher after a more than one per cent slide in Thursday’s session and despite a negative performance in US.

Asian shares struggled to make headway on Friday as uncertainty over how much further the US Federal Reserve would cut. chief global strategist at Daiwa Securities. Wall Street stocks were mixed on.

Australian shares are treading water. "Money is cheap and people are working." Wall Street also received a boost from Walmart – its share price jumped 6.1 per cent after the supermarket giant.

Japan’s benchmark Nikkei advanced 0.4% and Australian stocks. set the midpoint rate at 7.0572, its weakest level in 11-1/2.