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Market drops to a five-month low

IT WAS a dire day on the Australian market which plunged to a five-month low on the back of bearish leads from the United States overnight.

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News prior to the opening of trade on the local market was not good, with the Dow Jones Industrial Average falling 277.04 points, or 2.17%, to 12,501.11 overnight after US banking giant Citigroup reported...

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