VCSC Daily - Global concerns rattle domestic markets

Market Commentary

04 Jun 2012

Market plunged on ETF’s rebalance and deepening Euro concerns. Investors abandoned stocks as the debt crisis in the Euro zone deepen and reports of weak economic data surface around the world. The local market shed over 2.5% on both exchanges following similar retreats in global markets. Notably the US market has given back all of its gains since the beginning of the year.

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