Local stocks dived in a broad-based retreat, following a Wall Street slump on poor earnings results and European stocks diving on fears about a worsening Spanish recession. Inflation jumps in September quarter All options on the table to revive Fairfax $3b overcharge on power bills: ACCC 4.25pm: All sectors ended in the red, but losses were led by the energy and materials sectors, down 1.6 and 1.4 per cent respectively. 4.14pm: The sharemarket has closed near the day's lows. The benchmark S&P/ASX200 index fell 37.3 points, or 0.8 per cent, to 4505.8, while the broader All Ords lost 37.4 points, or 0.8 per cent, to 4530.6. 4.09pm: Sigma Pharmaceuticals will pay $57.5 million in costs...
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