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Punters wipe nearly $25B off the bourse floor

A DAY out from the federal budget and nearly $A25 billion or 2% has been wiped off the local market as fears escalate about Europe’s ability to stave off debt problems, while Wall Street closed down after last week releasing poor jobs data.

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Punters faced a sea of red today with the S&P/ASX200 index down 2.16% or 94.74 points to 4301.3, while the All Ordinaries followed suit, shedding 97.78 points to 4361.6. Reports from DeIoitte Access...

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