Greece's defiant rejection of austerity is the main factor behind the dramatic slump in the market but lower commodity prices also to blame, analysts say More than $30bn has been wiped off the Australian stock market after debt-ridden Greece's decision to reject international creditors' tough bailout terms. The Australian dollar dipped to a six-year low of US$0.7484 in early trading but recovered to 0.7509 as the ASX/S&P 200 and All Ordinaries fell by 1.7%.
Greek crisis: more than $30bn wiped off Australian stock market after no vote
The Guardian - 6 Jul 2015 06:08
Greece's defiant rejection of austerity is the main factor behind the dramatic slump in the market but lower commodity prices also to blame, analysts say More than $30bn has been wiped off the Australian stock market after debt-ridden Greece's decision to reject international creditors' tough bailout terms. The Australian dollar dipped to a six-year low of US$0.7484 in early trading but recovered to 0.7509 as the ASX/S&P 200 and All Ordinaries fell by 1.7%.
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