Allco Hit Limited

On Wednesday, Australian stocks fell again following a weak Wall Street lead, losing almost all of the gains from previous day. It was hurt by a fall in resources stocks on global recession fears and by disappointing US company earnings that stoked worries about the outlook for profit growth.

Wall Street tumbled Thursday as further troubles in the financial sector and higher unemployment raised fresh concerns about the economy. But analysts said the Australian share market would soon become a buying opportunity.

Leading Australian health systems provider, Working Systems Solutions (ASX: WSS), today announced it had signed a contract with the Australian Stem Cell Centre Ltd (ASCC).