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Prime Minister gives the ASX the thumbs up

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    1,507 Posts.

    John Howard seems to think things aren't too bad. That's a relief.


    Posted: Mon, 22 Jul 2002 14:20 AEST

    PM has faith in the strength of the Australian market
    The Prime Minister, John Howard, says the strength of the Australian markets have helped protect against the dramatic falls on world stock markets.

    Wall Street and European exchanges slumped 5 per cent on Friday night.

    But although Australian markets have fallen today, the impact has been much less.

    Mr Howard says the situation has to be seen in context.

    "I think it's important to see what's happening on Australian markets in the context of the markets having not zoomed up quite as much as they did in other parts of the world such as the United States," he said.

    "There's a strength and a resilience and a stability in the Australian markets which is very important."

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