australian stock market today august 9 2011

Indonesia stock info - australian stock market today august 9 2011 ; Australian stocks fell 3.6 per cent in opening trade on Tuesday, on Wall Street's rout and fears that Europe and the United States will slide back into recession, despite efforts by policymakers to calm markets.

The Australian market is now down more than 20 per cent from its recent peak in April, which is the usual definition of a bear market.

The benchmark S&P/ASX 200 index sank 144.7 points to 3,841.4 at 2312 GMT. It has already slumped 11 per cent over the past week.

New Zealand's benchmark NZX 50 index slid 3.1 per cent to 3,086.7, touching 11-month lows.

National Australia Bank fell 3.4 per cent after it met market forecasts for a 27 per cent rise in third-quarter cash profit but did not give an outlook amid the global markets sell-off.

Newcrest Mining , one of the world's biggest gold miners, bucked the trend to rise 0.9 percent as investors pushed gold to record highs amid a flight to safe have assets.


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