Australia, NZ shares slip as China proves no help
[SYDNEY] Australian shares dropped 0.7 per cent on Monday as China's latest round of stimulus over the weekend to fight slowing growth failed to revert sentiment following a late finish on Wall Street.
The S&P/ASX 200 index shed 44.7 points to 5,833.1 at the close of trade, retreating further from the key psychological level of 6,000. The benchmark has slipped 2.4 per cent in the last week.
New Zealand's benchmark NZX 50 index fell 0.6 per cent, or 37.2 points, to finish the session at 5,824.27.
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
Singapore shares open in the red on Tuesday; STI down 0.3%
Stocks to watch: Wilmar, MLT, FEHT, CDLHT, Starhill Global Reit, IReit Global
Europe: Stocks eke out gains after German inflation data; Deutsche Bank drops
US: Stocks end higher, extending rally
Yen surges against US dollar on suspected intervention
Singapore stocks start week in the black ahead of Fed meeting; STI up 0.1%