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The value of ASX-listed stocks, as measured by the All Ordinaries Index, rebounded sharply during October 2011 to rise7.1%, following a decline of 6.9% in September. This performance was in line with rises in other major markets including:the US up 10.8%, Hong Kong up 12.9%, the UK up 8.1%, Singapore up 6.8%, and Japan up 3.3%.
The movements in global markets continued to be driven by fluctuating views on the economic outlook for Europe and the stability of the European banking system. Volatility remained above average historical levels as investors reacted to changing perceptions of the ability of policy makers to address the underlying debt concerns.
Trading activity on ASX equity and derivative markets declined in October compared to September.
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