oh the tough decisions we have to make, page-11

I thought I share with some rubbish reporting. I receive this from a fiend in Singapore...

We dropped because of the US dropped due to GM Credit Watch. Look at what they are saying...



Aussie shares dive 7 pct on global recession fears (2008-10-10 00:35:00)

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MELBOURNE, Oct 10 (Reuters) - Australian shares plunged over
7 percent to their lowest in over three years on Friday as
another sharp drop on Wall Street on global recession fears saw
investors dump stocks across the board.

Australia''s benchmark S&P/ASX 200 <.AXJO> index was down
320.2 points at 4,000.07 at 0034 GMT, after earlier hitting a low
of 3,984.3, taking its losses to about 15 percent so far this
week.

"These aremassive, almost unheard of big days down. These
plunges are deep and they hurt deeply. People''s nerves are really
at the end of their tether," said Lucinda Chan, client adviser at
Macquarie.

"The contagion factor is certainly very clear. It''sgoing to
be tough for all markets," she said.

Australian companies were vulnerable to economic slowdowns in
the emerging economies of China, India and other Asian markets,
she said.

"We are an exporting nation and we are a country that does
lot of commodities. We are under pressure at the moment," she
said.

On Wall Street, The Dow Jones industrial average <.DJI> shed
another 7.3 percent in Thursday trade, closing below 8,600 for
the first time since May 2003, and down almost 40percent from
its all-time closing high hit exactly one year ago.

New Zealand''s benchmark NZX-50 index <.NZ50> fell 95.3 points
, or 3.2 percent, to 2,849.1. So far this year the NZX-50 index
has fallen 28 percent.