No ASX bounce for Rudd

Kevin Rudd assumes the top job as markets look shaky

Kevin Rudd is returning to the Lodge at a time when the Australian stock market, while not in the swoon it saw during his first term of office, is looking decidedly shaky amid concerns the Chinese economy is spluttering and in the midst of a financial crises as the US Federal Reserve prepares to take markets off life support by scaling back its bond buying program.

During Rudd’s first term in office the S&P/ASX200 Index fell 31 per cent, according to Bloomberg data.

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