Vote counting is scheduled to resume on Monday in Australian federal election that failed to produce a clear winner on the weekend, raising the prospect of prolonged political and economic instability.
Turnbull said on Sunday he remained "quietly confident" of returning his coalition to power for another three-year term but the key independents who have become the powerbrokers after winning a greater share of the vote than anticipated are yet to declare their allegiance for either side.
With counting expected to take several days, possibly weeks, the uncertainty is likely to put downward pressure on the Australian dollar and the share market as analysts warned Australia’s triple A credit rating could be at risk.
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