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Share slide wipes off 4.6pc

INVESTORS in the Australian Stock Exchange have watched more than half the gains made in the September quarter wash away in October. The 8.5 per cent gain in the S&P-ASX200 Index in the three months to September 30 has been whittled away by about 4.6 per cent this month so far. Though despite the recent falls, the index is still about 20 per cent higher than this time last year. Among the biggest losers have been energy and mining stocks on fears that rising interest rates in the US could slow world economic growth.

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