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ASX slumps to below 4000 points

BASED on Friday’s horror session on Wall Street, today was always going to be a washout for local stocks as the key index dipped below 4000 points for the first time since November.

Kristie Batten

Despite the relative strength of the Australian economy, the state of the global economy continues to weigh on local equities. The S&P/ASX 200 stayed firmly in negative territory all day, closing at...

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