Aust stocks pare back heavy losses at close

Nervy investors found some solace from the global sell-off following Ben Bernanke's taper talk, with the market staging a modest comeback from steep early falls after China’s benchmark money-market rate retreated from a record high, sparking optimism a potential credit crunch could be avoided.

Nervy investors found some solace from the global sell-off following Ben Bernanke's taper talk, with the market staging a modest comeback from steep early falls after China’s benchmark money-market rate retreated from a record high, sparking optimism a potential credit crunch could be avoided.

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