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Australia: Shares hit 10-day low, NZ stocks end near record

Thursday, August 18, 2016 - 15:13
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[MELBOURNE] Australian shares shed 0.49 per cent on Thursday after a string of mixed earnings reports from the likes of fund manager AMP, and the Australian dollar rose, dampening the country's export potential.

The S&P/ASX 200 index fell by 27.25 points to 5,507.80 at the close of trade, having earlier plumbed 5,498.70, its weakest since August 8. The benchmark had ended with a slim gain of 0.05 per cent on Wednesday.

New Zealand's benchmark S&P/NZX 50 index climbed by 0.41 per cent or 30.1 points to finish the session at 7,385.12, close to its most recent record high of 7391.65 from Monday.