The Australian share market fell yesterday. The benchmark S&P/ASX200 index was down 87.4 points, or 1.75%, to 4980.1, while the broader All Ordinaries gave up 84.4 points, or 1.67%, to 5041.9. The resource stocks dropped again, with the commodity prices down.
Yesterday Australian shares soared the most in almost half a year after the US Government's bailout of mortgage giants to calm investor worries about global market turbulence.
On Friday, the Australian share market fell more than 2% as major banking and resources stocks felt the impact of renewed concerns about the health of the global economy. The benchmark S&P/ASX200 finished down 102.4 points, or 2.06% to 4877.1. The broader All Ordinaries lost 101.4 points, or 2.01% to 4949.5.