Markets

ASX: The December share price index futures contract was down 48 points at 4707.

Wall Street: Dow down 157.15 points, or 1.5%, to 10,325.7, S&P 500 down 15.04 points, or 1.4%, to 1099.24, Nasdaq down 29.33, or 1.5%, to 1947.39.

Dollar: Opens sinks below 77 US cents in Monday morning trading, dropping for a ninth day.

Oil: Fell 9 cents to $US93.88 a barrel.

Gold: Fell $US11.10, or 1.3%, to $US833.20 an ounce.

Top Stories

The German government leads talks to salvage a 35 billion-euro bailout plan for Hypo Real Estate Holding after commercial banks withdrew their support.

Wachovia Corporation, at the centre of a fight between Wells Fargo & Co and Citigroup over who will buy the beleaguered bank, said it is pressing ahead with its deal to sell itself to Wells Fargo.

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