The Business Times

Australia: Shares close near 2015 trough in broad selling

Published Mon, Dec 14, 2015 · 05:35 AM
Share this article.

[SYDNEY] Australian shares came within a whisker of their 2015 trough on Monday, in line with a rout in the region, as falling oil prices and worries that U.S. interest rates will be hiked this week unsettled the market.

The S&P/ASX 200 index shed 2.01 per cent, or 100.85 points, to finish at 4,928.60. The benchmark fell as deep as 4,928.00, nearing its 2015 low of 4,918.40 in late September. Losses were broad with almost every sector under pressure.

New Zealand's S&P/NZX 50 index ended 0.57 per cent, or 34.69 points, lower at 6,035.25.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Capital Markets & Currencies

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here