Hockey can't afford a market rout

For the sake of his Party’s ‘jobs pledge’, property and super fund values, and government debt, the Treasurer will be watching the market nervously this week.

Anyone peeking at their smartphone during their Australia Day barbeques would have likely predicted a drubbing for the Australian market this week, following equities slumps of 2.5 per cent in Tokyo, 2.1 per cent in Hong Kong, and 1.7 per cent in London.

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