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Markets Live: US rates talk spooks

2015-03-09 02:29:13| Grocery - Topix.net

The local sharemarket slumps, shaving another $16 billion off the value of local stocks, as global investors brace for an earlier rise in US interest rates, which has also led to a plunge in the Australian dollar. Local investors have been caught up in the volatility that pummelled global markets on Friday night, with around $16 billion wiped off the local sharemarket this morning.

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