You are here

Australia, New Zealand: Shares ease on weakness in banks, miners

Wednesday, June 1, 2016 - 14:40

38247839 - 02_05_2016 - GLOBAL-ECONOMY_.jpg

[SYDNEY] Australian and New Zealand shares fell on Wednesday, as investors took profits in banks, miners and energy stocks, but surprisingly strong Australian first quarter economic growth helped stem market losses.

The S&P/ASX 200 index closed down 1.03 per cent to 5,323.20 after having touched a low of 5,306.3 earlier in the session.

New Zealand's benchmark S&P/NZX 50 index shed 0.24 per cent, or 17.01 points, to finish the session at 7022.4 as the market reset after heavy month-end trading on Tuesday.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom