Australian market trades weak
The Australian stock market is trading weak on Wednesday with investors pressing some sales, tracking a weak lead from Wall Street where stocks drifted lower overnight after the minutes of the US Federal Reserve's monetary meeting indicated the members unwillingness to initiate another round of quantitative easing.
The Australian stock market was trading lower on Tuesday, at new 5-year lows, following a sharp triple-digit loss on Wall Street overnight and a 10% drop in crude oil prices.