Stocks slump as $A tumbles

THE miners led the local bourse lower today on weaker commodity prices and worries over demand for commodities as global economic growth slows, while the Australian dollar dropped below US86c.

The Australian market shed some of its recent gains today with the benchmark S&P-ASX 200 index shedding 102 points (2%) to 4951.6, while the broader All Ordinaries dropped 94.