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Australia: Shares dip as ANZ capital raising sends jitters through sector

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Australian shares bucked a poor performance by Wall Street to edge 0.6 per cent higher on Thursday, aided by a hunt for dividend yield and more merger action.

[SYDNEY] Australian shares saw their sharpest fall in two weeks on Thursday as investors shrugged off commodities gains and sold bank stocks amid fresh concerns about how hard they will be hit by tough new capital rules.

The S&P/ASX 200 index dropped 1.1 per cent or 63.8 points to 5,610.1 at the close of trade, its biggest one-day decline since July 22.

New Zealand's benchmark NZX 50 index edged down 0.2 per cent or 9.8 points to finish the session at 5,928.69. REUTERS

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