European debt worries drag down market

THE local share market hit an eight-day low today of 4681.6 points, while the dollar traded below parity for the first time in a week reaching US99.93c as European sovereign debt worries escalate.

“There’s been a lot of nervousness today,” MF Global senior institutional trader Anthony Anderson told Dow Jones Newswires.

“People have been reluctant to carry risk into the weekend.