Investors send Aust stocks tumbling 1.6% in choppy trade

Volatility is continuing to characterise trade in the first week of July, with investors sending the Australian stock market tumbling 1.6% at noon, a day after it rebounded to post its biggest one-day gain since October 2011.

Volatility is continuing to characterise trade in the first week of July, with investors sending the Australian stock market tumbling 1.6% at noon, a day after it rebounded to post its biggest one-day gain since October 2011.

The market took a hit on global instability and overnight falls across Europe and the United States on revived concerns about the eurozone and the political crisis in Egypt.

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