AUSTRALIA-STOCKS

The Australian Stock Exchange board in Melbourne, is a display of red, showing the sharemarket with heavy losses as investors pummelled Australia's sharemarket and currency on September 16, 2008, in the wake of the Lehman Brothers' collapse, ignoring assurances from Prime Minister Kevin Rudd that the economy remained strong. As Australian banks downplayed their exposure to the US investment bank, Rudd acknowledged the financial crisis that caused Lehman's collapse was deepening but expressed confidence Australia could weather the storm. "We are in a period of global financial crisis, which has been running now since last year and it has become more intense," he told reporters. AFP PHOTO/William WEST (Photo credit should read WILLIAM WEST/AFP via Getty Images)
The Australian Stock Exchange board in Melbourne, is a display of red, showing the sharemarket with heavy losses as investors pummelled Australia's sharemarket and currency on September 16, 2008, in the wake of the Lehman Brothers' collapse, ignoring assurances from Prime Minister Kevin Rudd that the economy remained strong. As Australian banks downplayed their exposure to the US investment bank, Rudd acknowledged the financial crisis that caused Lehman's collapse was deepening but expressed confidence Australia could weather the storm. "We are in a period of global financial crisis, which has been running now since last year and it has become more intense," he told reporters. AFP PHOTO/William WEST (Photo credit should read WILLIAM WEST/AFP via Getty Images)
AUSTRALIA-STOCKS
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Credit:
WILLIAM WEST / Staff
Editorial #:
175728975
Collection:
AFP
Date created:
16 September, 2008
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Source:
AFP
Barcode:
AFP
Object name:
Hkg1671544