Australia: Shares drop on broad-based losses, NZ also loses grounds
[SYDNEY] Australian shares ended 0.7 per cent lower on Friday led by an across-the-board selloff and as investors locked in profit from a recent bounce ahead of a long weekend.
The S&P/ASX 200 index fell 36.31 points to 5,236.4 at the close of trade. The benchmark, which rose the past three days, ended up 1.53 per cent for the week. It rose 4.5 per cent the previous week.
New Zealand's benchmark S&P/NZX 50 index slipped 0.6 per cent or 39.99 points to finish the session at 6,866.11.
REUTERS
KEYWORDS IN THIS ARTICLE
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
Stocks to watch: CDL, DFI Retail Group, Cordlife, First Resources
US: Wall Street slips as dour earnings, chip stocks weigh
Europe: Adidas, LVMH steer shares higher on earnings relief
Rebound relief for Asian stocks; STI up 0.3% led by DBS, UOB
Asia: Stocks swing after latest selloff as Fed, Middle East dampen sentiment
Cordlife to raise S$8.2 million from private placement