Australian Stocks Fall 2.02 Percent

In trading on Friday (07/05/2010), the Australian Stock Exchange index fell 2.02 percent, amid fears the crisis will spread to parts of the Greek world. The panic in American stock exchanges, with the Dow Jones index plummeted 9 per cent had even recovered, also affect investor decisions in Australia.
Conditions in Europe, has affected the markets then even worse, said Ben Potter, analyst at IG Markets, Friday. Ultimately, we will speak of the deteriorating condition of the country, not just the company, complained adventures.
Australian investors are also affected by the statement of Prime Minister Kevin Rudd. I do not intend to give warning of this condition (market decline). But, we are following the developments closely, he said. The Australian market has fallen 6.8 percent, in the past week.
Apart from the influence of Greece, the Australia stock market especially mining stocks hit by commodity price declines, and the Australian government plans to implement 40 percent tax to mining companies who reap super profits.