Australia: Shares fall the most in more than 3 years
[SYDNEY] Australian shares slumped 2.4 per cent on Friday, posting their biggest fall since May 2012, weighed down by banks after the ANZ Banking Group reported softer-than-expected earnings and announced capital raising through a share sale.
ANZ led the falls among lenders, fuelling concerns about the growth outlook for the country's major banks.
The S&P/ASX 200 index fell for a third straight session to close at 5,474.8 points. It fell nearly 4 per cent for the week, its biggest weekly drop in more than two months.
New Zealand's benchmark NZX 50 index fell 1 per cent to finish the session at 5,868.66.
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
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard