The G20 summit is believed to fail to draw up specific stimulus action during its meeting in Washington, which also believed to be the reason of another fall of the stocks of Australia. The plunge was led by the banks here.

With recent economic data continuing to be worse than expected, company earnings under severe stress, and a range of equity raisings, all draining for the market, stocks are expected to stay down, F.W Holst research manager David Spry said.

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