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LEAD: Australian stocks down 2.3 per cent in global rout
Nov 10, 2011, 5:58 GMT
Sydney - Australian stocks were hammered Thursday as investors joined in the global sell-off sparked by fears that Italy might follow Greece into a sovereign debt crisis.
The ASX 200 finished 102 points down, or 2.3 per cent, at 4,244. The jitters over the survival of the eurozone wiped 31 billion Australian dollars (31 billion US dollars) off market value.
Stemming the tide of red was the unexpected news of a fall in the jobless rate to 5.2 per cent in October from 5.3 per cent a month earlier.
The Australian dollar lost ground, closing at 1.0150, down from 1.0362 cents a day earlier.
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