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'Big shakeout coming': shares fall as top hedge fund sounds warning

After $4 trn losses last week, Australian shares fall 0.4% on Monday as US investor says markets have become ‘complacent’ Financial markets are braced for more volatility this week amid predictions from the world’s biggest hedge fund that a “big shakeout” is coming.The Australian stock market was the first to test the water and was down 0.7%, or 41 points to 5,797 points, on Monday morning. Banking, resources and consumer-focused stocks led the market down amid falling prices for oil, gold, iron ore and other key commodities. Continue reading......

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Published By: theguardian.com - Monday, 12 February