Throughout the day, the ASX has continued to decline suchc that it is now down 35 @3.24 (was down 37). A few more points to go, and it will be done the same aggregate as was the DOW, but with a heavier percentage decline.
Out of Asia, there is nothing suggesting why the ASX should be falling (ie: Hang Seng is marginally up by ~30 points, and the Nikkei is marginally down, by ~14 points).
I guess, therefore, that local factors are influencing today's trading behaviour, despite so called "lightish" volume of <$1.0b (to mid-afternoon - was $726m to midday). But, that said, the ASX continues to under-perform the major overseas indices, despite having shrugged off most of the irrational exuberance that typified the American and European bourses of 1998 -2001.
Nothing like the Australian market to follow the US lead to the letter!!!
